Tornado & severe storms wreak damage in Chicago suburbs

Severe storms rolled into Illinois in the last few hours, with tornado warnings were raised for the Chicago suburbs. At least one tornado touched down and has caused significant damage in the Woodridge suburb of the city. This event only struck in the last couple of hours, so information remains limited read the full article →

Billion dollar losses possible from night of large hail in Oklahoma & Texas

Once again a large hail storm event looks set to drive at least economic losses towards the billion dollar mark, perhaps insurance and reinsurance market losses too. Last night, areas of Oklahoma and Texas experienced severe convective storms that drove large hail into metro areas, with hail stones of three-inches diameter read the full article →

US severe weather, hail & tornado losses mounting: Aon

Losses from recent bouts of severe convective weather and thunderstorms in the United States are set to drive insurance and perhaps reinsurance market losses into the hundreds of millions at least, according to Aon's Impact Forecasting. The season is generally accepted to begin in early spring, although of course severe convective read the full article →

US severe thunderstorm activity to escalate, warns Guy Carpenter

US severe thunderstorm activity and severe convective weather looks set to escalate as we move into the second-half of March, reinsurance broker Guy Carpenter has warned. A multi-day period of severe weather is forecast for the US south and southeast, which the reinsurance broker warns has the potential to bring damaging read the full article →

US convective storm insured losses hit record $30bn in 2020: Munich Re

Severe convective storm, thunderstorm and severe weather impacts reached a record high last year, as the peril drove the largest share of annual natural disaster losses that were covered by insurance and reinsurance in the United States during 2020, according to data from Munich Re. The convective storm peril, which includes read the full article →

U.S. weather & catastrophes drive over $23bn economic costs in August: Aon

Severe storms, convective weather and large hail across the eastern two-thirds of the United States from August 8th to 12th, including the Derecho that struck the Iowa and Illinois region, is estimated to have cost around $6.5 billion, with more than half of the total likely covered by insurance. The Derecho read the full article →

U.S. severe storms, hail & Derecho to drive multi-billion dollar losses: Aon

The United States has again been hit by a prolonged period of severe weather this week, with severe storms, convective weather, large hail storm events and a Derecho that struck the Iowa and Illinois region, all adding up to multi-billion dollar economic losses, with most of the wind and hail read the full article →

Multi-billion severe weather losses across North America in June: Aon

The United States and Canada experienced multi-billion dollar insurance and reinsurance losses from severe weather during the month of June 2020, with hail storms in Calgary and convective weather in the U.S. driving the largest share, according to Impact Forecasting. Insurance and reinsurance broker Aon's catastrophe risk modelling and weather analytics read the full article →

Severe weather, tornadoes, hail, floods drive multi-billion insured loss in May: Aon

The insurance and reinsurance market faced another month of severe weather in the United States in May 2020, with the market set for the third consecutive multi-billion dollar insured loss month this year, according to Impact Forecasting. Impact Forecasting, the weather, climate and risk modelling unit of insurance and reinsurance broker read the full article →

Industry loss from U.S. severe convective storms passes $13bn YTD: Aon

2020 looks set to be another significant year for severe convective storm losses in the United States, with the insurance and reinsurance market already on the hook for over $13 billion of costs year-to-date, with hail again a significant driver. In 2019, severe convective storms and severe weather drove almost $23 read the full article →