Gallagher Re’s preliminary insured loss estimate from the recent Midwestern storms is between $4bn and $7bn.
Two large storms hit the area on 14-17 May and 18-20 May, resulting in extensive tornado and hail damage and at least 30 fatalities.
The...
Gallagher Re pegs Midwest storm insured losses at $4bn-$7bn
SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.