Billion Dollar Weather Events

Wednesday, June 19th, 2013 Catastrophe Property Risk Management

Two separate reports, one from Aon and the other from NOAA’s National Climatic Data Center (NCDC) highlight the impact of billion-dollar weather events. In its latest global catastrophe recap, Aon reports that several multi-day severe weather outbreaks caused significant damage across much of the eastern and central United States during May, both causing billions of dollars in damage. The most notable stretch was highlighted by an EF-5 tornado that caused catastrophic damage in Moore, Oklahoma. The tornado left 24 people dead, 387 injured and damaged/destroyed up to 13,000 homes and structures. At least 61 tornadoes touched down during the event.

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http://www.iii.org/insuranceindustryblog/?p=3290

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