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US SCS losses accelerate as second $1bn event emerges in same week: Gallagher Re
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US SCS losses accelerate as second $1bn event emerges in same week: Gallagher Re
A new Gallagher Re report has indicated that the March 15–16 severe convective storm (SCS) outbreak is on track to become the second U.S. SCS event of the year to generate more than $1 billion in industry losses, occurring within the span of a single week, following the hail and tornado-driven impacts of the March 10–12 outbreak. According to the firm, the latest SCS outbreak impacted the central and eastern United States and was accompanied by …
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