Insurers are incorporating forward-looking data, including building characteristics such as roof age and condition.
Tag: severe convective storm
U.S. SCS Activity in April Could Drive Hundreds of Millions or Higher of Insured Losses: Aon
Flooding and severe convective storm (SCS) activity across the central and southern US between April 6th and 11th caused some notable property damage, with total economic and insured losses potentially in the hundreds of millions of dollars or higher, according to insurance and reinsurance broker Aon.