Texas Tornadoes Led to Bulk of Dec. U.S. Insured Storm Losses: Aon Benfield

January 8, 2016

Speeding toward Global Catastrophe, disasterThe last 10 days of 2015 turned out to be brutal in terms of weather, contributing to at least $2 billion in insured losses for the month of December, according to Aon Benfield’s Impact Forecasting.

More than $1.2 billion in insured losses came from catastrophic tornado damage in the Dallas, Texas metro area that struck the day after Christmas, according to Insurance Council of Texas data cited by Impact Forecasting. The rest of the $2 billion tally stems from tornadoes, historic flooding, record snowfall, hail and damaging winds that hit parts of Missouri, Texas, Illinois, Arkansas, Oklahoma, Mississippi, Tennessee, Alabama, Kentucky and Alabama, Impact Forecasting said.

Including the Texas tornadoes, at last 58 touched down in the overall weather events, but the Dallas ones were the most destructive.

While preliminary estimates point to at least $2 billion in insured losses, the December weather events in the U.S. likely created more than $4 billion in economic losses, Impact Forecasting said. Overall, at least 64 people were killed.

There were also major international weather events in December, as Impact Forecasting noted. They include:

Source: Impact Forecasting/Aon Benfield