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France’s Gironde region struck by serious wildfire outbreak -
A steady flow of litigation relating to Covid-19 BI is hitting the courts, despite the completion of the FCA test case last year.
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Catastrophes - Section
The fire is spreading towards the A63 motorway, a major road linking Bordeaux to Spain.
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While still too early to assess the damage fully, Aon believes the impact on property, infrastructure and agriculture will be significant.
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Colorado State University has also slightly reduced its forecast for the season to four major hurricanes.
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Jackson, Whitesburg and Garrett have been heavily affected after torrential rain.
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Insured nat cat losses amounted to $35bn globally in H1, while manmade events triggered an additional $3bn, according to Swiss Re Insititute.
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Hundreds of homes have been destroyed, while 33,000 have been left without power.
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The loss at the OMV Schwechat refinery adds to a string of BI claims landing on the energy sub-sector in recent months.
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The McKinney and Oak fires are 0% and 67% contained, respectively.
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Initial loss estimates from convective storms and flash flooding place the economic impact in the hundreds of millions, although Aon warned losses may rise further.
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US severe thunderstorms caused insured losses of $17bn during the first half.
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