Severe Weather Insured Losses Approach $1B in April

A series of severe weather events across central and southern sections of the United States in April caused upwards of $1 billion in insured losses, according to Aon Benfield’s latest edition of its Global Catastrophe Recap report.

During last month’s most notable outbreak, multiple central states sustained widespread tornado, hail and wind damage. At least 94 tornado touchdowns were recorded during a 72-hour stretch.

In Kansas, an EF-3 tornado just outside Wichita affected at least 777 homes and 165 businesses.

Additional tornado damage occurred in southwest Iowa and northwest Oklahoma, killing at least six people. Total insured losses from the outbreak were expected to reach into the hundreds of millions of dollars.

Meanwhile, at least 21 tornadoes and widespread hail in Texas damaged more than 1,100 homes alone in the greater Dallas-Fort Worth metro region. Total economic losses were estimated at approximately $1 billion, while various insurers received at least 105,000 claims with payouts in excess of $650 million.

Source: Aon Benfield