losses from severe convective storms News

Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says

The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather. That was approaching the $9 billion in damage …

Kentucky, Alabama Towns Dealing with Tornado Damage, Florida Feeling Record Heat

The latest community left with shattered homes and no power was the tiny Kentucky town of Charleston, which took a direct hit Sunday night from a tornado that the governor said appeared to be on the ground for 40 miles …

Tornado, Winds Again Pound Kentucky, Leaving 5 Deaths, Heavy Damage

The same weather system that spawned deadly tornadoes in Texas, Oklahoma and Arkansas also killed five people in western Kentucky and left hundreds of properties damaged. Local news reports said that people died in Mercer County, Hardin County, Hopkins County …

Is Industry Prepared? Hail, Convective Storms, Population Now Driving Billions in Losses

Hurricanes in the East. Wildfires in the West. Those are the big disasters that grab the headlines and are driving property insurance costs and cancellations, to a large degree, right? Yes, but insurers also are seeing a huge increase in …