Aon analysis of the devastating tornado outbreak which swept several US states over the weekend echos other outlet’s in its expectation for both economic and insured losses to reach into the billions of dollars.
Analysts note how the severe convective storm (SCS) peril has become an increasingly expensive one for insurers, governmental agencies, and humanitarian aid groups.
The widespread scope of the damage footprint from the severe thunderstorm outbreak is said to require a prolonged period of assessment to gain a full view of the event.
