Natural disasters caused an estimated $65 billion in losses last year for Asia-Pacific [MSNBC.com]
Aon plc Class A Ordinary Shares (Ireland) (AON)
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Source: MSNBC.com
Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon.Hadynyah | E+ | Getty ImagesEconomic losses in the Asia Pacific region due to natural disasters soared to$65 billion in 2023Aon said in a recent report Annual flood losses have exceeded $30 billion since 2010.China suffered the heaviest losses in Asia-Pacific with $32.2 billion in flood-related losses, or over half of total losses in the region, the report said.Hong Kong, South Korea, India and Pakistan also experienced significant flooding and record rainfall events throughout the year. The South Asia floods in particular, resulted in nearly 2,900 deaths. Aon noted that flood-related losses have totaled more than $30 billion every year since 2010.watch nowVIDEO2:2402:24 prices need to reflect an increase in natural disasters: AXA CFOSquawk Box EuropeThe report also highlighted rising temperatures and un
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