Roundup of March’s natural disasters around the world

Published: Tuesday, 12 April 2016 08:13

Impact Forecasting, Aon Benfield's catastrophe model development team, has published the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events around the world during March 2016.

The report highlights that seven severe convective storm events impacted nearly every part of the US during the month, as more than 1,000 individual reports of tornadoes, damaging straight-line winds and hail were recorded by the Storm Prediction Center. The Insurance Council of Texas estimated insured losses for the state alone at above USD 1.1 billion.

Overall economic losses sustained to property, infrastructure and agriculture across the US from the convective storm and flood damage were anticipated to approach USD 3.5 billion, while insured losses incurred by public and private insurance entities were tentatively estimated at USD 2.0 billion.

Meanwhile, the most damaging severe thunderstorm and flood event in at least a decade impacted the United Arab Emirates (UAE) and Oman in March. UAE local insurers anticipated claims to reach AED 500 million (USD 140 million), with total economic losses forecast to be well into the hundreds of millions (USD).

Natural hazard events to have occurred elsewhere during the month include:

To view the full report click here (PDF).