June’s catastrophe losses reach $5bn with hefty insurance bill in US

Portuguese wildfires

Natural catastrophes recorded global economic losses of more than $5bn in June, according to Aon Benfield’s Impact Forecasting in its latest Global Catastrophe Recap Report. Global economic losses were driven by weather events in the US where hail, tornadoes, winds and flash flooding caused a total economic bill of more than $3bn in the country and estimated insured losses of…

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