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 →

Five $1bn U.S. convective storm & tornado loss events already in 2020: Aon

The United States has experienced a vigorous and deadly start to the convective storm and tornado season in 2020, with five billion-dollar economic loss events caused by the peril already this year, according to Aon's Impact Forecasting unit. The insurance and reinsurance broker's Impact Forecasting team track and report on loss read the full article →

Southeast U.S. tornadoes may drive billion dollar losses: Aon

The outbreak of severe convective weather that affected the U.S. south and eastern states this week may result in both economic and insured losses that surpass $1 billion, according to the latest update from Aon's Impact Forecasting. At least 121 confirmed tornado touchdowns were seen in the severe weather outbreak that read the full article →

U.S. severe storms in July cost $2bn, insurers to take majority: Aon

Severe convective weather, including thunderstorms, hail, tornadoes and damaging winds across the United States are expected to drive $2 billion of costs, with the insurance and reinsurance sector to take the majority, according to Aon. Five major severe weather outbreaks drove the bulk of these costs, with one outbreak across the read the full article →

Severe weather in June drives $3bn+ costs for U.S. and Europe: Aon

Severe and convective weather outbreaks drove significant damages in the month of June 2019, Aon reported, with over $3 billion of economic losses expected and approaching $2 billion in insurance and reinsurance hit expected in the U.S. and Europe. It's another month where the severe and convective weather related peril drove read the full article →