The beginning and end of April were costly in terms of insured losses. At least five separate severe weather outbreaks occurred across central and eastern sections of the U.S. during the month resulted in combined insured losses in excess of $4 billion according to Aon Benfield’s latest edition of its “Monthly Cat Recap” report.
According to the report, published by Impact Forecasting, the firm’s catastrophe model development center of excellence, the first outbreak, from April 3 to April 5, triggered about 1,500 storm reports, and resulted in more than 250,000 insurance claims being filed, with insured losses expected to exceed $1.25 billion. The second outbreak, which swept across parts of the Midwest, Plains and the Southeast, generated more than 300,000 insurance claims and insured losses of more than $1.35 billion.
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