9 May 2018Insurance

April storms cause $2.3bn damage in US

Five separate storm systems spawned severe thunderstorms across the US in April leading to $2.3 billion in economic damage across the country, according to Aon’s latest Global Catastrophe Recap report.

Public and private insurers were poised to pay at least $1.5 billion in claims.

The most significant severe weather outbreak impacted the Plains, Midwest, Southeast, Mid-Atlantic, and the Northeast during the second week of the month as nearly 70 tornadoes touched down and up to baseball sized hail led to major impacts to residential and commercial property and vehicles. The same system also led to anomalous snowfall in the Upper Midwest and New England; while dry conditions behind the storm fueled major wildfires in the Plains, notably Oklahoma, according to the report.

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More on this story

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11 July 2018   Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re.
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11 June 2018   Impact Forecasting, the catastrophe model development team of Aon, has published the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during May 2018.
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9 May 2018   President Donald Trump has approved a major disaster declaration for the damage incurred by severe storms, flooding, landslides and mudslides between April 13 -16, 2018 on the Hawaiian islands of Kauai and Oahu.