The month of January experienced no single major catastrophe loss, but there were enough weather events to cause close to a half-billion dollars in losses worldwide, according to a report released by Aon Benfield.
The reinsurance broker says that winter-weather storms wreaked havoc through out Europe and the U.S., while parts of Asia suffered through rain and flooding. Combined, weather events throughout the world took more than 400 lives, with the most loss of life occurring in the eastern sections of Europe where severe winter temperatures are blamed for taking 306 lives.
The report, "January 2012 Global Catastrophe Recap" from Aon Benfield's predictive modeler Impact Forecasting, says Windstorm Ulli hit the United Kingdom and Scandinavia and extended into Germany and Denmark in the early part of the month. The storm killed two people and caused widespread damage primarily from high winds.
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