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Aon Benfield's Global Catastrophe Recap reported on catastrophic weather striking in the U.S. and across the globe. (Photo: Shutterstock)

Total aggregated economic losses in the U.S. from severe weather in May was set to exceed $4 billion, while public and private insurers faced a combined payout approaching $3 billion, according to Aon Benfield’s Global Catastrophe Recap report. These totals may change as further assessments are conducted.

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