Insurance & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


01:24 PM
Connect Directly

Aon Benfield: June U.S. Insured Losses Near $2 Billion

The most costly event was a hailstorm in Texas and New Mexico.

Chicago-based Aon Benfield's latest edition of its Global Catastrophe Recap report says that U.S. catastrophe events caused up to $2 billion in insured losses.

The most costly event, according to the report, was hail in parts of Texas and New Mexico. According to the Insurance Council of Texas, insured losses in the state will exceed $1 billion, with more than 100,000 claims filed by the end of June.

A windstorm in the central and eastern states has yielded 50,000 claims, and the well-publicized Waldo Canyon fire in Colorado has destroyed 347 homes. Another fire in the state has claimed 259 residences.

"The Colorado wildfires proved to be the two most damaging fires in state history, and also two of the costliest," says Steve Jakubowski, President of Impact Forecasting, Aon Benfield's catastrophe model development center.

Finally, preliminary economic damages from Tropical Storm Debby in Florida were listed at $100 million.

Read Aon Benfield's report with losses of this magnitude, for March of this year.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

Register for Insurance & Technology Newsletters