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...
2024 already in top four costliest US SCS years with over $30bn in insured losses: Bowen
The Gallagher executive called it a “relentless start to the year”.