Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

22 May 2013

February tornado wave unlikely to match 2011 toll

5 March 2012

Early estimates show that losses from last week's deadly burst of tornadoes in the Midwest are unlikely to match the multi-billion dollar claims from the large storm outbreaks in the US last year.

Loss aggregator Property Claim Services (PCS) issued a preliminary industry loss number last week in the low hundreds of millions of dollars for the 28-29 February storms, sister publication The Insurance Insider has reported.

This compares to a $7.3bn loss estimate for claims from a stretch of...

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