CHICAGO, Feb. 9, 2017 /PRNewswire/ -- Impact Forecasting, Aon Benfield's catastrophe model development team, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2017. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON).
The report reveals that multiple severe weather outbreaks killed 27 people in the United States during January, causing economic losses of more than USD1.0 billion, and insured losses minimally in the hundreds of millions of dollars.
The most prolific event occurred during the second half of the month, most heavily impacting the states of Georgia, Mississippi, Alabama, Louisiana, and Florida. Thousands of homes, businesses and other structures were damaged or destroyed, and states of emergency were declared in Mississippi and Georgia.
The US National Weather Service preliminarily confirmed that at least 130 tornadoes touched down during the month – the highest number of January tornadoes since 1999, when 212 tornadoes touched down.
Additionally, consecutive winter storms brought extreme precipitation across the US West. The most significant damage was recorded in California due to flash flooding, mudslides and debris flows.
Total economic losses from the early January event were expected to approach USD700 million, while public and private insurance losses were listed around USD300 million.
Steve Bowen, Impact Forecasting director and meteorologist, said: "January proved to be a highly active month for global natural hazards compared to recent years, especially when we look at the events in the US, where the powerful thunderstorms and winter storms had a devastating effect on people and communities, as well as causing a significant economic loss for country. Our Impact Forecasting team continues to evaluate such events globally to assist insurers to assess their exposures, and develops catastrophe models that help people to better understand and quantify the inherent risks."
Other natural catastrophe events to have occurred worldwide during January include:
To view the full Impact Forecasting January 2017 Global Catastrophe Recap report, please follow the link:
Along with the report, users can access current and historical natural catastrophe data and event analysis on Impact Forecasting's Catastrophe Insight website, which is updated bi-monthly as new data become available:
SOURCE Aon plc