This year has already made the top four costliest severe convective storms (SCS) years on record for the US market, having “well exceeded” $30bn in US SCS insured losses, according to Steve Bowen, chief science officer at Gallagher Re.
In...
Insured SCS losses already exceed $30bn for US this year: Bowen
The Gallagher executive called it a “relentless start to the year”.