March 31st, 2015

Notable Insured Global Losses in 2014

Posted at 1:00 AM ET

Notable insured losses in 2014 included the February snowstorms in Japan, frequent winter storms affecting Europe, flooding in the United Kingdom and a cold, stormy winter in the eastern half of North America. The arrival of spring in the second quarter produced several severe convective outbreaks in the United States and hail and windstorm Ela in Europe. A busy East-Pacific hurricane season brought Hurricane Odile to the Baja Peninsula. In the West Pacific, Typhoon Rammasun affected China, Vietnam and the Philippines.

Further to the west, Cyclone Hudhud affected India in October. The month of September saw the Kashmir and Jammu floods, which brought significant and tragic impacts to the area. The year finished with a notable severe weather outbreak affecting Brisbane, Australia and the onset of severe flooding in Malaysia and Thailand in December.

Regarding man-made events, 2014 was a tragic year with the disappearance of Malaysian Airlines Flight 370 in March, the loss of Malaysian Airlines Flight 17, which was shot down over Ukraine in July, and an AirAsia flight that crashed into the sea near Indonesia in late December.

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