tornadoes

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 […]

Insurers and reinsurers are understandably nervous about the recent outbreak of tornadoes. Last year tornadoes caused in excess of $26 billion of economic losses and killed hundreds of people. Of course they also caused the default of the two Mariah Re catastrophe bonds. Now we seem to be beginning another extremely active tornado year, but […]

Risk modelling firm EQECAT have published a summary of the tornado and severe thunderstorm activity in the U.S. for the first half of 2011. You can access the full report, Summary of US Convective Storm Activity for First Half of 2011, from our CatWatch page.

Aon Benfield have issued a report analysing the severe thunderstorms and tornadoes which swept across the U.S. midwest, southeast and plains during April and May causing widespread damage and destruction. They identify at least eight separate outbreaks with five of them causing at least $1 billion in losses. Their estimate of insured losses of $15 […]

Allstate are the latest U.S. insurer to announce massive losses due to the severe weather which hit the U.S. midwest and south during April and May. Being the largest home and auto insurer in the U.S. their losses were always going to be meaningful. The period of severe thunderstorms which spawned record breaking numbers of […]

U.S. property and casualty insurer The Travelers Companies has announced that it expects to face insured losses of over $1 billion for the severe weather experienced in the U.S. during April and May. The estimate reflects losses from the severe thunderstorms across the Midwest and Southeast U.S. which spawned many tornadoes and severe hail storms.

Risk modelling firm AIR Worldwide have issued an estimate for the amount of insured losses caused by severe thunderstorms and tornadoes which struck the U.S. between the 20th and 27th May this year. AIR believe that the storms which affected a large area of the U.S. will cause insured losses to residential, commercial and industrial […]