NU Online News Service, Aug. 4, 3:07 p.m. EDT
Severe weather continued throughout the world in July, causing more than a billion dollars in damages, according to Aon Benfield’s monthly catastrophe recap.
Steve Jakubowski, president of Impact Forecasting, Aon Benfield’s catastrophe modeler, says in a statement: “During the month of July we began to see an uptick in global tropical-cyclone activity. This is not surprising, given that we are approaching the traditional peak period of the Atlantic hurricane season during the months of August and September. Several parts of Asia were particularly affected by tropical cyclones during the month in the Northwest Pacific basin, but the level of losses will probably be in line with reinsurers’ expectations.”
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