reinsurance broker and subsidiary of Chicago-based insurance broker Aon Corp., in April. While paling in comparison to the earthquake losses in Japan, Aon Benfield says several severe weather events during March resulted in a significant number of claims.
In its March 2011 Monthly Cat Recap, Aon Benfield says the severe weather events resulted in 20,000 insurance claims in the Southeast and the Mississippi Valley with payouts exceeding $120 million.
Separate events at the end of the month were expected to cause at least tens of millions of dollars of further insured losses across the Southeast.
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