Thanks to three intense series of tornado-producing storms in the United States, insurers could be on the hook for more than $4 billion in losses for the month of May, according to Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, which released its monthly Global Catastrophe Recap report.
The report presents figures for regions of the United States heavily effected by several severe windstorm events last month, including Moore, Okla., where a catastrophic EF-5 tornado killed 24 people, injured 387 others, and damaged or destroyed as many as 13,000 homes and structures.
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