Asia records $10bn economic loss as severe flooding continues in July, according to Aon catastrophe report.

This report evaluates the impact of worldwide natural disaster events during the last 12 months to promote awareness and enhance resilience. The report reveals that there were 315 natural catastrophe events in 2016 that generated economic losses of USD210 billion.

Kashmir floods and Cyclone Hudhud caused loss of USD 18 billion and have been the most economically costly event in 2014 reveals this latest edition of Annual Global Climate and Catastrophe Report. 258 global natural disasters in 2014 caused economic losses of USD132 billion says the report.