Unexpected Q1 nat cat losses highlight troubling US SCS activity
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Unexpected Q1 nat cat losses highlight troubling US SCS activity

US SCS accounted for nearly $11bn in global insured losses.

By Danielle Ling
April 19, 2024
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storm SCS financial chart severe convective storm losses midwest.jpg

First-quarter earnings results released so far echo a common pain: nat cat losses were higher than expected. Similar to last year’s Q1, US severe convective storm (SCS) activity was the dominating peril.

Estimated

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