storm damage
May 28, 2025
Severe Convective Storm Losses for 2025 Already Exceed $20 Billion
Insured losses from the severe convective storms (SCS) that occurred between May 14–17, 2025, are estimated to range from $4 billion to $7 billion. According to recent estimates from reinsurance brokers, these storms are likely to rank among the costliest SCS events in U.S. history. “Two large severe weather outbreaks on May 14-17 and May...