Insured losses from recent storms are likely to hit $4B, Aon says

06/5/2013 | PropertyCasualty360

Property/casualty insurers may be dealing with $4 billion or more in losses from storms that hit the U.S. in May, according to Aon Benfield's Impact Forecasting. "After a relatively benign start to the month, tornado activity became much more prevalent during the last two weeks. High insurance penetration will help to alleviate the pressure on those affected, and the recovery is already well underway," said Impact Forecasting's Steve Jakubowski.

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