Total economic losses from Typhoon Kammuri expected to exceed $100m

Total economic losses from Typhoon Kammuri are expected to exceed $100 million, according to the Impact Forecasting Weekly Cat Report from global professional services firm Aon.

Typhoon Kammuri made landfall in the Philippines during the late evening hours on December 2 as a Category 4 storm with 130 mph (210 kph) 1-minute average sustained winds. The cyclone left a wide swath of damage in the hardest-hit regions of Northern Samar province and other areas on Luzon Island. At least 17 people were confirmed dead by local authorities, and dozens of others were injured. More than 550,000 people were evacuated prior to and after Kammuri arrived.

In the US, total economic and insured losses were each expected to reach into the millions of dollars after a prolonged winter storm brought nearly a week of heavy snowfall, freezing rain, sleet, ice, excessive rainfall, and gusty winds to a large portion of the country from November 27 to December 3.

Aon said at least eight storm-related fatalities were confirmed. The hardest-hit areas included parts of the Pacific Northwest, Rockies, Northern Plains, Upper Midwest, and the Northeast. The inclement weather resulted in thousands of flight delays and cancellations during one of the busiest travel periods of the year; while also knocking out electricity for hundreds of thousands of customers.

Flooding in France was also highlighted by the report. The latest episode of torrential rain affected portions of Southeastern France from November 30 – December 2, which led to flooding in the departments of Var, Alpes-Maritimes, Bouches-du-Rhone, and Alpes-de-Haute-Provence. Four people were killed.

“The newest wave of flooding was likely to exacerbate the situation for insurers, who already reported losses in hundreds of millions due to floods in November,” said Aon.

Additional natural disaster events this week included flooding in Sri Lanka and India, and a large landslide in Uganda.

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