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Home / Insurance / Insured cat injury in the US tops $ 1 billion in April: Aon

Insured cat injury in the US tops $ 1 billion in April: Aon



April was a costly month for disasters as hail caused more than $ 1 billion in insured damages in the United States, while Europe saw a cold as the damage from which can reach billions of dollars, according to a report Tuesday from the impact of Aon PLC Forecasts.

Severe storms affected parts of the Central Plains and Middle and Lower Mississippi Valley from April 6-8, causing extensive hail damage in Hamilton and Brazo counties. Most of the total financial losses estimated to exceed $ 500 million are expected to be covered by insurance.

A severe weather outbreak across the Southern Plains, Lower Mississippi Valley and Southeast from April 9-11 included damaging tornadoes, strong winds, and very large hail, some reaching 4 inches, "larger than a softball," according to Aon. Total financial losses were estimated at $ 635 million, most of which was likely to be insured.

Severe storms and supercells produced large and damaging hailstorms over central and southeastern Texas on April 1

5 – especially in densely populated regions of Burney, Williamson and Travis counties, north of Austin, causing extensive external structural and vehicle damage. Total financial losses were estimated at $ 975 million.

The US insurance industry is expected to face a multi-billion dollar bill for thunderstorm-related claims payments, Aon said in a statement with the report.

"Public opinion often assumes that tornadoes drive the bulk of the annual severe costs of convective storm damage. "The total economic impact of a significant cold in western and central regions of Europe during the first week of April is expected to be in the billions," said Steve Bowen, CEO and Head of Disaster Awareness of the Impact Forecasting Team at Aon.

although no insured estimates were given, much of the impact on viticulture, flowering fruit trees and other vegetation was in France and Italy.

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