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‘Like a terror movie’: How climate change will cause more simultaneous disasters The Province, British Columbia
With Scores Dead and 1,000+ Missing in California Fires, New Study Warns Cities Will Soon Face Up to Six Climate Disasters at Once
Rare December tornadoes rip through several states as Illinois sees 22 storms flatten 100 homes while a Georgia naval base is hit and dozens are injured with one person killed
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Every state and territory in Australia will experience heatwave conditions on Monday, forecasters say.
Four massive earthquakes reaching 6.4 magnitude strike south of Indonesia in just five hours - coming within kilometres of Western Australia
Thousands flee New Zealand's worst wildfire for more than 60 years with no end in sight to week-long blaze
70 million are in the path of 'bomb cyclone' set to strike the central US, bringing snow, hail and rain
Global floods cause $8bn damage in March alone
Over half of that figure is attributable to damage done by flooding in the Missouri and Mississippi river basins in the Midwestern United States following heavy snowfall and rain.
The floods have inflicted an estimated economic loss of more than $4.25bn across eight states, and Aon’s report predicts that public and private insurers face up to $1bn in claims.
Floods also caused extensive damage in Iran, where weeks of torrential rain are estimated to have led to economic losses of $3.6bn.
After flooding, the costliest catastrophe in March was Cyclone Idai. In Mozambique, where the storm made landfall, the damage is estimated at over $1bn. It caused further damage in neighbouring Zimbabwe and Malawi.
Western and Central Europe faced hundreds of millions in damage from two winter storms in the first half of March. The total losses from Storm Freya are expected to exceed £115m, while Storm Eberhard is anticipated to be even costlier.
Michal Lörinc, senior catastrophe analyst at Aon’s catastrophe modelling centre Impact Forecasting, said: “The major catastrophe events of March highlighted the continued vulnerabilities which exist in both developed and emerging markets.
“The multi-billion-dollar impacts from flooding in the United States, Iran, and Cyclone Idai in Southern Africa were each enhanced by infrastructure unable to handle the large scale of water inundation.
“In an increasingly volatile era for weather events and their impacts on a growing exposure, it will be critical that resilience and risk mitigation planning will become more pronounced in the public and private sectors.”