Gallagher Re: Multibillion-Dollar Insured Loss Expected from Holiday Weekend Storms

Hundreds of millions in losses from severe convective storms in June

Catastrophic severe convective storms over Memorial Day weekend will likely result in multibillion-dollar insured losses, according to Gallagher Re.
State Farm, the largest U.S. homeowners and personal automobile insurer, said it has taken in about 25,650 claims from 16 states from the storms.