March Weather Delivers $1.8B in Insured Losses for U.S.

U.S. insured losses in March from severe weather are expected to pass $1.8 billion, according to Impact Forecasting, the catastrophe-model-development center for Aon Benfield.

U.S. events in the quarter included a severe-weather outbreak through parts of the Midwest, the Tennessee Valley and the Southeast during the first week of March, which spawned at least 65 tornadoes and caused over $1.1 billion in insured losses from over 170,000 claims.

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