Nov 5, 2015

South Carolina floods may cost $2 billion, Aon says

Charleston, SC
USA
by
Katherine Chiglinsky
,
Bloomberg
A man called for help after his car stalled in floodwaters in Charleston, S.C. in October. Photo: AP
A man called for help after his car stalled in floodwaters in Charleston, S.C. in October. Photo: AP

South Carolina floods and Pacific Ocean cyclones contributed to the most costly month for natural disasters globally this year, as expected economic losses in October are expected to exceed $10 billion, Aon Plc said.

Flooding in the eastern US caused an estimated $2 billion in economic losses, the insurance broker said Thursday in a report