Europe Floods to China Quake Fuel $85 Billion in Economic Losses
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European flooding and an earthquake in China are among catastrophes that contributed to about $85 billion of economic losses worldwide in the first half of this year, according to Aon Plc.
The figure is $10 billion higher than the same period of 2012 and 15 percent below the 10-year average, London-based Aon’s Impact Forecasting said yesterday in a report. Insured losses for the six months through June totaled at least $20 billion, about 20 percent less than last year, the report shows.