Philippines devastated by super typhoon as U.S. and New Zealand suffer record severe weather: Impact Forecasting December catastrophe report

Mon Jan 7, 2013 10:51am EST

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CHICAGO,  Jan. 7, 2013  /PRNewswire/ -- Impact Forecasting, the catastrophe
model development center of excellence at Aon Benfield, today releases the
latest edition of its monthly Global Catastrophe Recap report, which reviews the
natural disaster perils that occurred worldwide during  December 2012.  Aon
Benfield  is the global reinsurance intermediary and capital advisor of Aon plc
(NYSE:AON).

(Logo:  http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO)

The report is a precursor to Aon Benfield's Annual Global Catastrophe report,
which will be launched on  January 24, 2013, and will provide a month-by-month
detailed analysis of the worldwide weather events of 2012 in addition to
comprehensive climatological analysis.

The December catastrophe report reveals that Super Typhoon Bopha killed 1,901
people and injured 2,666 others after making landfall on the southern Philippine
island of Mindanao as a Category 5 typhoon.  

Bopha damaged or destroyed more than 216,000 homes in 34 provinces including
Davao Oriental and Compostela Valley which sustained extensive damage.  

Economic losses to agriculture, infrastructure and private property were
recorded at  PHP37 billion  (USD802 million), with an additional  PHP5 billion 
(USD122 million) allocated to the rehabilitation of farms. In  Palau, Bopha
caused  USD20 million  in damage.

Also in  the Philippines, Tropical Storm Wukong left at least 24 people dead or
missing, with reported losses to agriculture and infrastructure recorded at 
PHP225 million  (USD5.5 million).

Elsewhere, Cyclone Evan crossed the Samoan Islands,  Fiji,  Tonga  and other
small islands in the South Pacific Basin, killing at least 14 people.  

In  Samoa, Evan caused extensive damage along coastal areas, with total economic
losses estimated at  WST300 million  (USD133 million); in  Fiji, economic losses
were estimated at  FJD15 million  (USD8.4 million).

Steve Jakubowski, President of Impact Forecasting, said: "The cyclonic weather
that  Southeast Asia  and the South Pacific experienced during December has had
a devastating effect on local populations. Insurance and reinsurance penetration
in the affected territories is significantly lower than in the more mature
western markets, so the impact of a weather system such as Super Typhoon Bopha
on  the Philippines  places an even greater strain on regional recovery efforts
and the availability of sufficient government aid."



Also in December, winter storms impacted  the United States  and parts of 
Europe. In the U.S., The Plains, Midwest, Northeast and the Mid-Atlantic States
endured heavy accumulating snowfall as the inclement weather prompted major
travel delays. On  Christmas Day, 28 tornadoes were recorded in the Southeast -
historically the largest tornado outbreak to occur on  December 25.



In  Europe, at least 277 people were killed as more than 15 central and eastern
countries were subjected to severe winter weather conditions, leading to
widespread damage, the closure of hundreds of roads, and the cancellation of
flights and shipments along the Danube River after certain stretches became
frozen.



Meanwhile,  New Zealand  endured its deadliest tornado in 60 years. At least
three people were killed after the EF-2 twister struck the west  Auckland 
suburb of Hobsonville, damaging or destroying at least 150 homes near Whenuapai
Air Force Base.  New Zealand's Ministry of Civil Defense estimated total damages
at  NZD11 million  (USD9.1 million).



Flooding was prevalent across parts of  Asia  in December, with  Sri Lanka 
sustaining the worst effects. At least 42 people were killed and nearly 30,000
homes damaged or destroyed in addition to agriculture and infrastructure, after
flooding and landslides impacted most of the country.

In  Indonesia, three people were killed in  West Sumatra's Solok Selatan
district after rains caused a landslide which destroyed more than 2,000 homes.

The Iraqi capital of  Baghdad  sustained its heaviest rains in at least 30
years, triggering floods that killed at least four people.

To view the full December Global Catastrophe Recap report, click the link below:

http://thoughtleadership.aonbenfield.com/Documents/20130107_if_monthly_cat_recap_december.pdf

About Impact Forecasting



Impact Forecasting is a catastrophe modeling center of excellence whose
seismologists, meteorologists, engineers, mathematicians, finance risk
management and insurance professionals analyze the financial implications of
natural and man-made catastrophes around the world.  Impact Forecasting's
experts develop software tools and models that help clients understand risks
from hurricanes, tornadoes, earthquakes, wildfires and terrorist attacks on
property, casualty and crop insurers and reinsurers.  To find out more about
Impact Forecasting, visit  www.impactforecasting.com.

About Aon Benfield



Aon Benfield, a division of Aon plc (NYSE: AON), is the world's leading
reinsurance intermediary and full-service capital advisor. We empower our
clients to better understand, manage and transfer risk through innovative
solutions and personalized access to all forms of global reinsurance capital
across treaty, facultative and capital markets. As a trusted advocate, we
deliver local reach to the world's markets, an unparalleled investment in
innovative analytics, including catastrophe management, actuarial and rating
agency advisory. Through our professionals' expertise and experience, we advise
clients in making optimal capital choices that will empower results and improve
operational effectiveness for their business. With more than 80 offices in 50
countries, our worldwide client base has access to the broadest portfolio of
integrated capital solutions and services. To learn how Aon Benfield helps
empower results, please visit aonbenfield.com.

About Aon



Aon plc  (NYSE:AON) is the leading global provider of  risk management,
insurance and  reinsurance  brokerage, and  human resources  solutions and 
outsourcing  services. Through its more than 62,000 colleagues worldwide,  Aon 
unites to empower results for clients in over 120 countries via  innovative  and
effective  risk  and people solutions and through industry-leading global
resources and technical expertise. Aon has been named repeatedly as the world's
best  broker, best insurance intermediary, reinsurance intermediary, captives
manager and best  employee benefits  consulting firm by multiple industry
sources. Visit  www.aon.com  for more information on Aon and 
www.aon.com/manchesterunited  to learn about Aon's global partnership and shirt
sponsorship with  Manchester United.

 Media Contacts:                                                                                  
                                                                                                  
 David Bogg                    Andrew Wragg                    Alexandra Lewis                    
 Aon Benfield                  Aon Benfield                    Aon Benfield                       
 t:  +44 (0)20 7522 4016       t:  +44 (0)20 7522 8183         t: +44 (0)20 7882 0541             
 e:david.bogg@aonbenfield.com  e:andrew.wragg@aonbenfield.com  e:alexandra.lewis@aonbenfield.com  


SOURCE  Aon plc
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