Roundup of major natural disaster impacts in June 2020

Published: Tuesday, 14 July 2020 08:07

Aon has published the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred around the world during June 2020.

The report highlights a series of powerful thunderstorms that swept across southern Alberta, Canada, on June 13th-14th, resulting in large hail that caused extensive damage and flooding throughout the greater Calgary metro region. Thousands of businesses, homes, and vehicles sustained significant damage, while vast areas of agricultural land were also severely impacted. Total economic losses were estimated at up to CAD1.7 billion (USD1.25 billion). Roughly three-quarters of the damage was covered by insurance.

Meanwhile, several severe weather outbreaks in the United States in June resulted in an economic loss exceeding USD2.3 billion. The costliest event was a prolonged weather pattern from June 5th-11th across much of the eastern two-thirds of the United States that caused total economic losses estimated at USD800 million, of which more than USD600 million was insured.

Steve Bowen, director and meteorologist on the Impact Forecasting team at Aon, said, "The costs associated with the severe convective storm peril continue to account for a higher portion of insurance payouts on an annual basis. While the United States often drives most of these fiscal impacts due to hail, other areas such as Canada, Australia, Germany, and France are frequent to the risk. The June 13th hailstorm in the Calgary metro region, which became one of Canada's most expensive thunderstorm-related events on record, was not a surprise given Alberta's long history of impacts from the peril, but the size and intensity of the storm swath over such a concentrated population center only magnified the potential of extensive damage."

Other significant natural hazard events to have occurred in June include:

Read the report (PDF).