Severe weather and flooding events resulted in a multi-billion-dollar economic loss for the US in October, signalling that annual insured US losses will again exceed $US20 billion ($27.23 billion).
Aon’s latest Global Catastrophe Recap report says there were 21 named storms in the 2021 Atlantic Hurricane Season, the third-highest number of seasonal storms since 1851.
Aon Senior Catastrophe Analyst Brian Kerschner says October is typically considered a “second season” for severe weather in the US, marking a transition from summer warmth to cooler autumn temperatures.
“This year saw one of the highest tornado tallies for the month on record as it added to what is shaping up to be another year with insured losses exceeding $US20 billion,” he said.
Mr Kerschner noted Australia has also experienced notable thunderstorm activity.
“Late October storms prompted an…
