Aon expecting $10bn economic hit from recent European floods The catastrophic floods seen recently across parts of Western and Central Europe are expected to drive preliminary economic losses of over $10 billion, according to a new Aon report. Torrential rainfall caused by a slow-moving area of low pressure Bernd resulted in catastrophic flooding across parts of Western and Central Europe from July 12-18. This [] The post Aon expecting $10bn economic hit from recent European floods appeared first on ReinsuranceNe.ws .