Economic losses from severe weather exceeded $4bn in May


Cyclone Amphan, which swept across India, Bangladesh, and Sri Lanka killing at least 133 people, damaged three million homes and has caused economic damage of some $1.5 billion, according to Aon’s monthly May Global Catastrophe Recap. Most of the damage is expected to be uninsured.

Aon, Catastrophe, Insurance, Reinsurance, Michal Lörinc, North America

Intelligent Insurer