Insurers face rising losses from severe convective storms


Annual expected insured losses for the severe convective storms (SCS) peril, including catastrophe and non-catastrophe events, are approaching $25 billion, higher than the hurricane and earthquake perils combined, according to a new report by Karen Clark & Company (KCC).

Karen Clark & Company, Insured losses, Perils, Catastrophe, non-catastrophe, Severe convective storms, US

Intelligent Insurer