A roundup of May’s major environmentally-based disasters

Published: Wednesday, 10 June 2015 08:45

Flooding was the main theme of the month, with significant incidents in the US, China and Australia.

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 that occurred worldwide during May 2015.

The report highlights that powerful thunderstorms caused major flooding across the US states of Texas and Oklahoma during the month, killing 41 people and damaging more than 5,000 homes in Texas alone, resulting in what proved to be the wettest May on record for both states.

Meanwhile, severe weather prompted 412 preliminary reports of tornadoes by the US Storm Prediction Center – which would equal the highest monthly number of US tornadoes since April 2011 (758).

Total aggregated severe thunderstorm and flood economic losses for May were expected to near USD 3.0 billion, with overall insured losses set to easily exceed USD 1.0 billion despite low flood insurance penetration in parts of Oklahoma and Texas.

Further natural disaster events to have occurred in May included:

To view the full Impact Forecasting May 2015 Global Catastrophe Recap report click here (PDF).