$1.5bn Italian October flood hit, as US prepares for more storms

Floods and landslides in several regions in Italy during October
have caused economic losses of EUR1.2bn ($1.5bn), according to data
from Aon Benfield.
In its latest Impact Forecasting catastrophe report, the broker
said that most of the losses had occurred in the regions of Liguria
and Piedmont, where the residential, commercial and agricultural
sectors were particularly affected. Infrastructure was also damaged
in some areas.
The report said it was too early to assess insured losses.
Aon Benfi