US tornadoes could cost market $7bn


US tornadoes could cost market $7bn


The swathe of tornadoes and severe convective storms that tore across Kentucky and neighbouring states on 10/11 December could cause insured losses of up to $7 billion, according to early unattributed industry assessments.

Guy Carpenter, Fitch, KCC, Tornadoes, Catastrophe, Insurance, Reinsurance, North America

Intelligent Insurer