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Punishing US storms highlight winter risk
13 April 2018
Insured losses from winter storms rarely rival those resulting from hurricanes and tornadoes but nonetheless they can still reach billions of dollars and have the potential to make their way into the ILS market.
This has been highlighted by a series of storms in the US during the winter.
Four storm systems caused economic damage to the tune of $3bn, of which public and private insurers were expected to cover roughly two-thirds of the cost, Aon Benfield said in its...
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