In the month of April, severe weather in the central and southern sections of the United States caused $1 billion in insured losses, according to the “Global Catastrophe Recap” report, published by Impact Forecasting LLC, the catastrophe model development center of Aon Benfield. Economic losses were even higher.

Several central states sustained widespread tornado, hail and wind damage and 94 tornado touchdowns were recorded over 72 hours.

An EF3 tornado affected at least 777 homes and 165 businesses outside Wichita, Kan., and other tornados killed six people in southwest Iowa and northwest Oklahoma.

In Texas, at least 21 tornadoes and hail, damaged more than 1,100 homes in the Dallas-Fort Worth metro region; total economic losses were estimated at $ 1 billion, while various insurers received at least 105,000 claims with payouts in excess of $650 million.

"While not as substantial as the historic 2011 season to this point in terms of overall losses, the 2012 severe weather season has certainly caused significant damage across portions of central and southern sections of the United States,” said Steve Jakubowski, president of Impact Forecasting in a press release. “Tornado frequency data dating to 1991 indicates that May is typically the most active tornado month of the year in the United States, which is a warning to all residents and insurers to remain cognizant to potential storm threats."

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access