convective

Insured losses from outbreaks of severe thunderstorms in the U.S. in April are expected to reach $2 billion, according to an estimate from reinsurance broker Aon Benfield’s risk modelling unit Impact Forecasting.

The month of May in the United States saw two separate severe weather events which will each result in losses to the insurance industry of over a billion dollars, according to the latest monthly Global Catastrophe Recap report from Impact Forecasting, the cat modelling division of reinsurance broker Aon Benfield.

Risk Management Solutions (RMS) is the second catastrophe risk modelling firm to come forwards with an estimate of the insured losses from the recent Oklahoma tornado event. RMS has focused solely on the single tornado that struck the town of Moore and estimates the insured loss toll to be between $2 billion and $3.5 billion.

Risk modelling firm EQECAT is the first to offer an estimate of insured property losses for the recent tornado events, including the devastating Moore, Oklahoma tornado. In its latest CatWatchTM report EQECAT has put an insured loss estimate on the tornado events of the 18th to 20th May, including Moore, of between $2 billion and […]

The tornado which struck the Oklahoma suburban town of Moore on the 20th of May looks likely to become the largest single catastrophe insured loss event of the year on U.S. soil. The U.S. National Weather Service (NWS) has now upgraded the severity of the tornado, saying that evidence shows that it was an EF-5 […]

The tornado which struck Moore, Oklahoma yesterday, causing many fatalities and devastating a wide swathe of Oklahoma’s suburbs, could result in a reaction in the secondary catastrophe bond market, according to investors. The tornado is expected to cause an insured loss in the billions of dollars (how high it is too early to say) and […]

A huge tornado cut through the Oklahoma City suburbs yesterday mid-afternoon local-time, causing widespread devastation from a track estimated to be up to a mile wide at times. The tornado made a direct hit on the town of Moore, as a severe tornado with winds of up to 200mph and the storm has been given […]

Reinsurance broker Aon Benfield’s latest Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during March, highlights the growing losses that the reinsurance industry will face from the U.S. tornado season in 2012. The season has got off to an above average start again and the number of tornadoes to be […]

The above average start to the U.S. tornado season has continued to trend well above the long term historical averages. With insured losses from some recent outbreaks said to be as high as $2 billion and 269 recorded tornado touchdowns (as at 17th March) versus a 50th percentile average of 102 on that date, it’s […]

A couple of days ago we wrote about the higher than average incidence of tornadoes in the U.S. this year. Now the first estimate of insured losses for the recent outbreak of tornadoes in the U.S. midwest and southern states has come from risk modelling firm EQECAT. The recent spate of tornadoes saw almost a […]