The economic cost of floods globally will reach some $5 billion but insurance losses are expected to be low, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which has released its monthly global catastrophe recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2016.
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Aon Benfield, London, UK, Catastrophe, Floods, North America, Asia Pacific, Insurance