The July wildfire events in the state of Washington, including the Carlton Complex Fire, will not rise to the level of a catastrophe eventdefined by Property Claim Services as $25 million or more in insured losses.
Texas sustained $1.8 billion in 2014 first-half catastrophe lossesincluding $1.4 billion in Q2to lead all states during what was generally a mild stretch for cats in the U.S.
Severe thunderstorms can often result in unexpected losses and highly volatile financial outcomes. See a hypothetical severe t-storm outbreak in the U.S. and the losses that result.