May 14-20 US severe weather to cost re/insurers $4bn to $7bn: Bowen, Gallagher Re – Go Health Pro
Severe convective storm (SCS) activity across the United States has now cost the insurance and reinsurance industry more than $20 billion in 2025, broker Gallagher Re estimates, with its Chief Science Officer Steve Bowen highlighting that the May 14th to 20th outbreak could drive insured losses of up to $7 billion.2025 becomes the eighth year … Read more