The report reveals that a prolific “atmospheric river” caused catastrophic impacts in Canada’s southern British Columbia province in mid-November, resulting in a province-wide State of Emergency and killing four people. Damage to property, agricultural interests and infrastructure was widespread, which also resulted in notable supply chain disruptions. The economic loss was anticipated to approach or exceed USD2 billion in Canada alone. Heavy rains also affected the U.S. state of Washington, where additional economic losses were estimated to reach USD200 million.
Elsewhere, an active Northeast Monsoon affected parts of India and Sri Lanka from late October through November, killing at least 190 people in India and 27 in Sri Lanka. Tens of thousands of structures and vehicles were damaged or destroyed, along with agricultural land and infrastructure. Total economic losses in Karnataka and Andhra Pradesh states (India) alone were estimated at more than INR180 billion (USD2.4 billion), with additional losses in neighboring states.
Steve Bowen, Managing Director and Head of Catastrophe Insight for Aon’s Impact Forecasting team, said: “The reality of heavier rainfall events and subsequent flooding continues to become more evident on a seemingly monthly basis as new examples of extreme events occur. 2021 has recorded several record-setting events in parts of Europe, Asia, Oceania and the Americas, which has further exposed structural, agricultural and infrastructure vulnerabilities to high-intensity, low-interval rainfall occurrences. Recent events in Canada, India and Australia serve as reminders of the need to navigate the increasing volatility of these events and the interconnected and more severe risks they present.”
Other natural catastrophe activity that occurred in November includes:
The full Impact Forecasting Global Catastrophe Recap November 2021 report is available at http://thoughtleadership.aon.com/Documents/20211212-analytics-if-november-global-recap.pdf
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