Severe convective storms are increasingly impacting property insurance costs in the U.S., with rising insured losses prompting changes that affect homeowners’ monthly budgets.
Tag: convective storm
U.S. Convective Storm Outbreak to Drive Hundreds of Millions in Losses: Aon
The series of severe convective storms that broke out in the U.S. over the last week are estimated to cause total economic and insured losses in the hundreds of millions of dollars, suggests Aon.