Allstate expect $1.4 billion in losses from April tornadoes

Catastrophe's caused by the recent spell of severe thunderstorm convective weather which resulted in record breaking formation of tornadoes across much of the U.S. midwest and south are likely to cost insurer Allstate as much as $1.4 billion in losses. That's a lot for one company from an event which read the full article →

Mariah Re Ltd. catastrophe bond rating could be affected by recent tornadoes

We were incorrect in our assessment earlier that the Mariah Re Ltd. catastrophe bond, which is exposed solely to severe thunderstorm risks (including tornado), was unlikely to be affected by the recent spell of severe convective weather in the U.S. It transpires that due to exposure in the state of read the full article →

Recent tornado outbreak to cost up to $5.5 billion says AIR Worldwide

The tornado and severe thunderstorm outbreak which struck southern and midwestern States in the U.S. between the 22nd to 28th April could cost as much as $5.5 billion in insured losses according to risk modeller AIR Worldwide. This estimate includes damage to residential, commercial and industrial properties and auto losses. The read the full article →

Aon: insured losses from April severe weather in U.S. to breach $4 billion

Aon Benfield agree with industry estimates for insured losses caused by the outbreak of severe convective weather across the U.S. in April. The record breaking thunderstorm and tornado outbreaks have caused devastation across U.S. midwest and southeastern states during the past month. The estimate has been published in Aon Benfields latest read the full article →

U.S. tornado outbreak insured losses could hit $5 billion, catastrophe bond impact expected to be minimal

The recent U.S. midwest tornado outbreak is set to go down in history as one of the most active starts to the convective storm season and one of the most damaging on record as early loss estimates begin to be reported. The last two weeks have seen a huge number read the full article →

U.S. Midwest tornado and severe weather outbreak continues to break records

The recent outbreak of tornadoes and severe weather in the U.S. Midwest has continued (as we wrote just over a week ago) and now looks set to continue with convective weather forecasts suggesting it could continue for a few days more. To add to the record breaking number of tornadoes read the full article →