severe thunderstorm

Insurance industry losses from severe convective storms in the United States have now topped $22 billion as of June 18th, according to Gallagher Re. While this already makes 2026 the 11th consecutive year with annual US SCS insured losses of more than $20 billion, the tally so far is below the 5-year and 10-year H1 […]

Aon, the global insurance and reinsurance broking group, has expanded its Automated Event Response (AER) service to include US severe convective storms (SCS), further assisting carriers to manage losses from what Aon describes as the costliest insured peril of the 21st century on a cumulative basis.

A new report from Cotality warns that hailstorms can now produce insured losses comparable to a category 4 hurricane, with the firm highlighting that hail is beginning to shift from a secondary peril to a major driver of catastrophe losses, with implications for homeowners, carriers and reinsurers across the property market.

As per a new report from reinsurance broker Gallagher Re, the severe convective storm (SCS) outbreak that swept across the central and eastern United States between March 15 to 16 is expected to generate around $1 billion in industry losses, marking the second billion-dollar plus industry US SCS event to occur within the span of […]

Severe convective storm (SCS) outbreaks across parts of the United States this week are anticipated to drive insurance market losses in the low to mid-single-digit range, according to initial analysis from reinsurance brokers Gallagher Re and Aon.

Catastrophe data aggregator PERILS has provided its first initial insurance industry loss estimate for the severe convective storms (SCS) that struck Australia’s East Coast in late October, at AU $1.108 billion (USD $736 million).

Moody’s has announced that it has launched its North America Severe Convective Storm HD Models, which according to the firm redefines the standard for assessing tornado, hail and wind risk.

The Demex Group, a risk analytics and intelligence company, has announced a series of promotions within its leadership team, including the promotion of Michael Anderson as its new Chief Executive Officer (CEO), as the firm positions itself for growth as demand continues to rise for its aggregate severe convective storm (SCS) reinsurance solution.

The final week of May brought a wave of damaging severe convective storms and flooding across the southern United States, with insured losses likely to reach into the billions, according to global insurance and reinsurance broker Aon.

Severe convective storm (SCS) activity across the United States has now cost the insurance and reinsurance industry more than $20 billion in 2025, broker Gallagher Re estimates, with its Chief Science Officer Steve Bowen highlighting that the May 14th to 20th outbreak could drive insured losses of up to $7 billion.