Home / International / June weather pushes up global catastrophes bill
13 July 2020
A June 13 hailstorm in the Calgary metro region is one of Canada’s most expensive thunderstorm-related events on record, Aon’s Global Catastrophe Recap report says.
Total economic losses were estimated at up to $C1.7 billion ($1.8 billion). Roughly three-quarters of the damage was covered by insurance.
Steve Bowen, a director and meteorologist on the Impact Forecasting team at Aon, says while the US often drives most hail-related impacts, “other areas such as Canada, Australia, Germany, and France are frequent to the risk”.
He says the size and intensity of the Calgary storm over such a concentrated population centre magnified the potential of extensive damage.
Severe weather in the US in June resulted in an economic loss exceeding $US2.3 billion ($3.32 billion).
The costliest event was a prolonged weather pattern from June 5-11 across much of the eastern two-thirds of the US that caused total economic losses estimated at $US800 million ($1.15 billion), of which 75% was insured.
A series of four tornadoes touched down across parts of New Zealand’s North Island on June 26-27. Total economic and insured losses are likely to reach into the low-digit millions.
Torrential seasonal rains in China killed at least 106 people and China’s total combined economic losses during June alone were listed by the Government at RMB35.8 billion ($7.2 billion).
Tropical Storm Cristobal affected parts of Central America and the southern US. Total economic losses were estimated at more than $US650 million ($936.89 million).
Several severe weather outbreaks in June impacted parts of Central Europe, Germany, the Czech Republic, Poland, Austria and Hungary. Losses are likely to exceed $US150 million ($216.21 million).