Gallagher Re is estimating insured losses of $1bn-$3bn for the US severe convective storm (SCS) outbreak that occurred between March 13 and March 16, marking the first billion-dollar US SCS event of the year.
The
Gallagher Re pegs insured loss for US storms in March at $1bn-$3bn
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.