The difference in insurance penetration between the developedand developing world was fully illustrated in August, as the firsthurricane striking the U.S. Gulf Coast since 2008 is expectedto cost insurers more than two major typhoons that struck China,according to a report from Aon Benfield.

The reinsurance broker's catastrophe modeler, ImpactForecasting, released its August Global Catastrophe Recap reportsummarizing cat events for the month.

There were seven tropical cyclone events causing significantdamage, the report says.

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