Gallagher Re Cat Analytics team addresses the torrential rains and flooding that impacted many Arabian Gulf countries in April.

Πέμπτη, 13 Ιουνίου 2024 14:25
Gallagher Re Cat Analytics team addresses the torrential rains and flooding that impacted many Arabian Gulf countries in April.

Heavy flooding has generated widespread inundation and significant losses across the southeastern Arabian Peninsula and surrounding regions. As a result, an influx of motor, commercial and business interruption claims are anticipated.

  • Torrential rains and flooding impacted many Arabian Gulf countries between April 13-17.
  • Multiple locations received more than a years' worth of rainfall in less than 24-hours, with at least 33 fatalities reported.
  • Flood waters damaged numerous homes and business and overwhelmed vehicles and roadways.
  • The heaviest rainfall for the UAE in 75 years and losses are going to hit reinsurance programs.

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