Insurance Information Institute: 2023's Severe Weather Events Are Proving Costly to U.S. Insurers
October 26, 2023
October 26, 2023
NEW YORK, Oct. 26 -- The Insurance Information Institute issued the following news release on Oct. 25, 2023:
The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 billion through the end of September, according to the Insurance Information Institute (Triple-I.)
Severe convective storms include natural catastrophes such as thunderstorms with lightning, hail, tornadoes, and derechos, whic . . .
The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 billion through the end of September, according to the Insurance Information Institute (Triple-I.)
Severe convective storms include natural catastrophes such as thunderstorms with lightning, hail, tornadoes, and derechos, whic . . .