Global catastrophe losses exceeded $1B in July, Aon Benfield says

08/5/2011 | PropertyCasualty360

Losses from weather-related disasters in many parts of the world amounted to more than $1 billion in July, as insurers lost $900 million amid severe weather in the U.S., according to a report from Aon Benfield. "We began to see an uptick in global tropical-cyclone activity. This is not surprising, given that we are approaching the traditional peak period of the Atlantic hurricane season during the months of August and September," said Steve Jakubowski of Impact Forecasting, the catastrophe modeler for Aon Benfield.

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