Aon: Insured losses from severe weather in March may exceed $1.8B

04/8/2012 | PropertyCasualty360

The property/casualty insurance industry could lose more than $1.8 billion from severe-weather events in March, according to Aon Benfield's Impact Forecasting. "Following an active 2011 U.S. severe weather season, the first quarter of 2012 has also proven itself to be markedly busy. ... Despite the heightened activity thus far, it is nearly impossible to forecast and project losses for the rest of 2012," said Steve Jakubowski, president of Impact Forecasting.

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