China floods insured loss $600mn: Aon Benfield

Insured losses from floods in north and central China this summer
are likely to reach 4bn yuan ($596mn), according to Aon Benfield.
The amount represents about 1.5 percent of the economic loss
estimated by the Chinese government at 255.8bn ($38.1bn), the
reinsurance broker said in its 2016 natural catastrophe report for
the country.
As of last month, 130,000 claims related to storm and flood had
been reported, it said.
Insured losses for the worst-hit areas of Hubei, Anhui, Henan
and...