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As El Niño intensifies global drought losses to surpass $8bn: Aon

As the 2015/16 El Niño event intensifies there is an expectation that global economic losses from drought will surpass the previous forecasts of $8 billion, suggesting a growing toll for crop insurance, reinsurance and any ILS investors exposed to agricultural lines.Reinsurance broker Aon Benfield's risk modelling specialist unit Impact Forecasting read the full article →