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A severe weather outbreak occurred April 27 to May 1, affecting most of the Eastern United States. This event rendered $1.1 billion in insured losses.

Guy Carpenter & Company, LLC, a global risk and reinsurance specialist, today released its annual Global Catastrophe Review, which reports that insured losses in 2014 were at the lowest level seen since 2009. According to the report, significant insured losses in 2014 totaled approximately $33 billion, a dramatic drop when compared to the historic insured losses seen in 2011, which totaled approximately $126 billion. 

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at jheft@alm.com.

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