Annual U.S. severe weather insured losses for 2021 have surpassed $20 billion after a rough October, even before the year is complete, according to a new Aon report.
Multi-billion-dollar natural catastrophe-related insurance losses in the U.S. were caused in part by heavy rainfall along the West coast known as an atmospheric river and a flash flood emergency that left at least four people dead near Birmingham, Alabama.
Also, a late-season severe weather outbreak in the Southern Plains and Midwest generated large hail, damaging winds and tornadoes on Oct. 10-11. Total economic losses were expected to reach at least $300 million, mostly covered by public and private insurers.
“October is typically considered a ‘second season’ for severe weather in the United States as it marks a transition from summer warmth to cooler autumn temperatures,” Brian Kerschner, senior…
