Recent significant global events
The eruptions in 2010 and 2011 of the Eyjafjallajokull volcano in Iceland caused little physical damage to insured property, but still led to significant disruptions and delays in the transport of goods and services into and out of Europe. Earthquakes in New Zealand caused much of the city centre of Christchurch to be closed to business. In February 2011, Cyclone Yasi swept across Queensland, Australia, destroying large areas of agriculture and with consequences for food processors and customers worldwide. In March 2011, the Japanese tsunami and subsequent problems with the Tepco nuclear plant caused disruption to businesses in the region. In April and May 2011, a series of devastating tornadoes swept through the southern and mid-west US. In July 2011, the Thai floods caused havoc to the business and manufacturing heart of the country, severely disrupting many businesses that had relocated from Japan.