HVRRF - Germany And China See Costliest Disaster Losses Ever From July Flooding: Aon

• Both Germany and China have experienced their most costly insured natural disaster loss events in history in July, with both largely related to the impacts of devastating flooding, according to insurance and reinsurance broker Aon.
• Germany is expected to face around US $20 billion in economic losses, while across Europe the July flood event is estimated to have cost more than $25 billion.
• The Chinese floods, which affected Henan province the most, are also anticipated to result in an economic loss of around US $25 billion.

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