The Midwest received no reprieve from the intense May storm season this weekend, as Oklahoma City and St. Louis were pummeled by tornadoes, flooding and straight-line winds on Friday that killed 13 and injured hundreds in the metropolitan areas.
According to Aon Benfield, this may become the third billion-dollar natural disaster of the year since an outbreak of severe weather began in the region on May 26.
“At this point in time, it is still too early to cite a specific loss estimate on both an economic or insured basis for the most recent stretch of severe weather in the U.S.; however, given the level and widespread coverage of damage from this slow-moving storm system – which finally ended on Sunday in the Northeast – there is little doubt that this will be a billion-dollar economic loss,” says Steve Bowen, Aon Benfield senior scientist and meteorologist.
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