Severe weather, winter weather and flood-related economic losses topped $1 billion last month in the United States, according to Aon’s monthly catastrophe report.
The most notable damage in the United States was flooding throughout the Midwest, which was part of a series of storm systems that left rivers cresting well beyond flood stage in Illinois, Michigan, Iowa, Indiana and Missouri. The report noted that, in total, 19 river gauge locations established new record crest heights. Losses have been assessed in the hundreds of millions as a result.
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