Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Five US weather events top $1bn mark

  • Sofia Geraghty 19 July 2017
  • US weather events led insured losses from catastrophe events in the first half of 2017, as five separate storm outbreaks all produced more than $1bn of claims, Impact Forecasting reported.

    Severe convective storms caused 78 percent of first-half catastrophe claims.

    The Aon Benfield subsidiary put total insured cat losses for the period at $22.0bn, which was broadly in line with the $19.5bn reported by Munich Re's NatCat service.

    The total came in 35 percent lower than the $34bn sustained in...

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