Aon Benfield's catastrophe model development team reports that an extremely active period for severe weather persisted in the United States throughout March, as four separate significant outbreaks led to extensive damage in central and eastern parts of the country.
The most prolific outbreak from March 6-10 resulted in major damage from tornadoes, large hail and straight-line winds in the Plains, Midwest and Southeast. Total economic losses for this event alone were estimated at $1.7 billion, while public and private insurance claims were listed at $1.2 billion.
The aggregated cost to the insurance industry from the four events was expected to exceed $2.0 billion.
|Above-average number of storms
Through the first quarter of 2017, the U.S. has seen an above-average number of storm reports.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
