Insurers in Europe and Asia may each face insured losses in the hundreds of millions of dollars following a series of mid-June storms, according to Aon’s catastrophe report.
Between June 13 and 16, severe convective storms brought up to 3.5-inch hailstones and wind gusts reaching 75 mph across western France and northern Italy, leading to flash floods and landslides.
Aon reported the largest hailstones in Elbeuf and Saint-Michel-de-Rieufret, while many areas saw hailstones up to 2.4 inches, significantly increasing the risk of property damage.
The storms caused widespread roof collapses, flooded basements, uprooted trees, and left thousands without power.
France’s meteorological agency issued high-risk weather alerts across 29 departments. Additional storm-related losses were reported in Germany, Switzerland, Belgium, Austria, and Czechia.
In northern Croatia, strong winds damaged boats along the coastline, while in Italy, heavy weather and a major landslide affected many homes and vehicles in central and northern regions.
In Asia, Typhoon Wutip produced heavy rainfall and flooding after making landfall in Luzon, Philippines, on June 11. Even before being classified as a tropical storm, Wutip inundated large areas of the country. Nearly 800 homes were flooded, according to Aon.
The storm went on to impact Thailand and Vietnam, flooding over 4,000 homes and nearly 198,000 acres of agricultural land.
In southern China, widespread flooding prompted the evacuation of hundreds of thousands of residents and led to the cancellation of about 140 flights.
Aon noted that the extent of economic and insured losses in southern China is expected to be particularly high. Damage assessments are ongoing as authorities respond to the evolving situation.
