The massive wave of severe convective storm (SCS) activity that hit the Central US over April 25-28 is expected to add over $1bn to the approximately $12bn in SCS insured losses already incurred this year, according to Gallagher Re....
Insured losses from late April storms in Central US projected to reach $1bn+: Gallagher Re
US SCS insured losses YTD already stood at around $12bn prior to these events.