China Flooding Caused $33 Billion in Economic Damage Last Month

  • Less than 2% of losses are insured, Aon says in report
  • Storms and flood caused $1.5 billion of losses in U.S.

Rescuers work around a car broken down in tunnel near Beijing West Railway Station.

Photographer: VCG via Getty Images

Flooding in China last month caused about $33 billion in economic losses, with less than 2 percent of the sum covered by insurers, Aon Plc said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.