Economic losses from recent severe thunderstorms and flooding in central and eastern areas of the US will exceed $1bn, according to estimates from Aon. The storms took place in the week of more than 250-30 May. This is the second-consecutive month that the US has seen large losses from extreme weather, with damages from 24 tornadoes in April costing roughly $1bn in insured losses. Aon expects insurers and reinsurers to absorb the costs.
Economic losses from recent severe thunderstorms and flooding in central and eastern areas of the US will exceed $1bn, according to estimates from Aon. The storms took place in the week of 24-30 May. This is the second-consecutive month that the US has seen large losses from extreme weather, with damages from more than 250 tornadoes in April costing roughly $1bn in insured losses. Aon expects insurers and reinsurers to absorb the costs.