Gallagher Re Reports Multi-Billion-Dollar Loss From Early August US Severe Weather Outbreak

Gallagher Re reports multi-billion-dollar loss from early August US severe weather outbreak

Gallagher Re, the global reinsurance broker, has warned that the insurance industry is facing yet another multi-billion-dollar loss, this time from a bout of considerable US severe convective storm (SCS) activity spanning 9 to 12 August. In its latest Event Commentary, Gallagher Re reports that the outbreak struck much of the Plains, Midwest, and Mid-Atlantic regions, with the most significant impacts stemming from a derecho that swept through t…

August 9th - 11th US Midwest SCS outbreak may rank as a top-10 industry loss: Guy Carpenter - Artemis.bm

Multiple rounds of severe thunderstorm activity that struck the Midwest of the United States earlier this month is seen as having the potential to result