The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 billion through the end of September, according to the Insurance Information Institute (Triple-I.)
Tag: convective storms
Climate Risk a Major Challenge for Insurance Industry, Treasury Says
Climate-related risks are becoming an increasing challenge for insurers, the U.S. Treasury Department said, urging state regulators to step up their so-far “limited” efforts to address the issue.
June Insured Losses from Severe Convective Storms Estimated at $5.5B
KCC estimates that the insured loss from this Severe Convective Storm (SCS) outbreak will be close to $5.5 billion.
Aon Estimates Q1 2023 Global Insured Catastrophe Losses at $15B
Te Impact Forecasting division of insurance and reinsurance broker Aon has issued a preliminary estimate for first-quarter 2023 insured global catastrophe losses, putting the total at around $15 billion.
South Hit by More Severe Weather After Tornadoes Leave 26 Dead
Severe storms rumbled across parts of the South on Sunday, two days after violent tornadoes smashed through the Mississippi Delta region, gutting rural towns and leaving more than two dozen people dead.