Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report

Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1 trillion (US$1.0 billion) – a rare billion-dollar event for the country, according to Impact Forecasting, Aon Benfield’s catastrophe model development …

from News – Insurance Journal