Eta And Iota Hurt, Causing $9B In Economic Losses: Aon

North American hurricane landfalls in November added about $9 billion to the total Atlantic seasonal financial toll in terms of catastrophe losses, Aon said in its latest Global Catastrophe Recap report.

One of the most catastrophic storms from the month: Hurricane Eta, which made landfall and caused major losses in Honduras and Guatemala before hitting south central Cuba as a tropical storm. Total economic losses: close to $7 billion, most of which were uninsured.

Eta had staying power. The storm later hit land in Florida as a tropical storm – twice – causing flash flooding, a storm surge and state-wide tropical storm-force wind gusts.

Total U.S. economic losses from this storm reached an estimated $1.1 billion. Public and private insurers covered about half of the loss.