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Steve Bowen@stevebowen.bsky.social |
It has been quite a stretch of US severe convective storms. Since late April, we're facing a multi-billion-dollar cost (mid single-digit) for the insurance industry. For the year, US insured SCS loss costs are already quickly approaching $20B. This peril is relentless. (1/2)
1 replies 1 reposts 3 likes
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Steve Bowen
@stevebowen.bsky.social
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Hail continues to drive a lot of the damage. May 8-9, 2024 marked the third-highest number of consecutive day large hail (>2") reports since the 1950s: 1) May 24-25, 2011: 86 2) May 21-22, 2011: 81 3) May 8-9, 2024: 72 4) May 22-23, 2011: 71 5) April 8-9, 2011: 70 (2/2)
0 replies 0 reposts 1 likes