SSREF - U.S. Severe Weather And Hail Drove Billion-Plus Insured Losses In April: Aon
Outbreaks or severe and convective weather in the United States, including large hail, tornadoes and thunderstorms, are set to drive well over a billion dollars of losses to the insurance and reinsurance sector, according to Aon.
More than 250 tornadoes touched down in the U.S. in April 2019, the most for that month since 2011, Aon explains in its latest catastrophe update report.
This tornadic and associated convective weather activity drove multi-billion-dollar thunderstorm economic losses during the month, the broker said, with the insurance and reinsurance industry set to take a significant proportion of them.