Roundup of July’s natural disasters around the world

Published: Wednesday, 12 August 2015 07:26

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 July 2015.

The report reveals that Typhoon Chan-hom was the biggest event of the month. The storm system tracked across much of the Western Pacific Ocean during the month, causing extensive damage in China, Japan's Okinawa Island chain, South Korea, Taiwan and Guam, killing at least six people and injuring 30 others. Total economic losses were estimated at more than USD1.6 billion, with China bearing the greatest impact; according to China's Ministry of Civil Affairs, damage from Chan-hom had resulted in a CNY9.1 billion (USD1.5 billion) economic loss, mainly as a result of damage to agricultural interests and infrastructure.

Additional landfalling tropical cyclones in Asia during the month included Typhoon Linfa and Super Typhoon Nangka, which caused total economic losses of USD214 million and USD200 million respectively.

Adityam Krovvidi, Head of Impact Forecasting Asia-Pacific, said: "The recent tropical cyclone losses in Asia show that the peril remains an increasingly costly one for the continent on both an economic and insured loss basis. With the peak of the Western Pacific typhoon season approaching, we can expect further chances of landfalls in the basin. Impact Forecasting has developed an Asian typhoon model and a Japan typhoon model to help our clients evaluate their risks for when the next event strikes."

Elsewhere during the month, two separate stretches of severe thunderstorms impacted the United States, with the majority of damage occurring in the Midwest, Plains, Southeast and the Northeast as a result of tornadoes, large hail, and damaging straight-line winds. Initial insured loss estimates reached USD325 million.

Meanwhile, Cyclone Raquel brought torrential rainfall to portions of the Solomon Islands as more than 150 buildings were damaged or destroyed and almost 40,000 food gardens sustained damage.

Also occurring during July:

To view the full Impact Forecasting July 2015 Global Catastrophe Recap report click here.