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After a series of severe-weather eventsespecially tornadoesin the U.S. in April, global insured losses for the month are close to $1 billion, says Aon Benfield.

Led by severe weather, especially tornadoes, in the United States, global insured losses for the month of April are close to $1 billion, says Aon Benfield.

Aon Benfields catastrophe model development center, Impact Forecasting, estimates U.S. insured losses from Hurricane Irene of between $1.6 billion and $6.6 billion.

Severe weather continued throughout the world in July, causing more than a billion dollars in damages, according to Aon Benfield’s monthly catastrophe recap.

Bermuda's Hiscox and Montpelier Re, as well as Luxembourg's Flagstone Re, say second quarter severe weather in the U.S. cost them each tens of millions of dollars. Hiscox's estimate of losses from the Japan earthquake is now at the high end of its range.

As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.

Evidence that catastrophe models may not be as accurate as some carriers might expect has one insurance broker cautioning insurers that they need to examine their loss estimates more closely.

Aon Benfield says insured losses from April weather in the U.S. could top $4 billion, while losses from wildfires in Texas are approaching $200 million.