Five separate weather systems caused severe thunderstorms across the United States in April, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic and the Northeast, with nearly 70 tornado touch-downs and up to baseball-sized hail that damaged residential and commercial property and vehicles.
The same system also led to anomalous snowfall in the Upper Midwest and New England, while dry conditions behind the storm caused major wildfires in the Plains, notably in Oklahoma, according to Impact Forecasting, Aon Benfield’s catastrophe model team, in its monthly Global Catastrophe Recap for April.
Impact Forecasting estimates that the total combined economic losses from storm-related damage in the U.S. during April were $2.3 billion, with public and private insurers expected to pay at least $1.5 billion in claims.
Other natural disaster events to have occurred elsewhere during April include:
Michal Lorinc, an analyst within Impact Forecasting’s Catastrophe Insight team, highlighted the impact of the thunderstorm peril in Europe. “As in the U.S., hail has been particularly damaging to European residential and commercial property, as well as vehicles, with several historical events prompting insurance payouts in excess of a billion euros,” he noted, adding that Impact Forecasting will soon release a hail model that includes coverage for several European countries.
Source: Impact Forecasting
*This story appeared previously in our sister publication Insurance Journal.