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April U.S. Storms Could Cost Up To $5.5B

Storms in April, mostly throughout the U.S. Southeast, are expected to cause insured losses of around $4 billion—possibly as high as $5.5 billion, according to recent estimates.

By Chad Hemenway | Updated on May 16, 2011

Storms in April, mostly throughout the U.S. Southeast, are expected to cause insured losses of around $4 billion—possibly as high as $5.5 billion, according to recent estimates.

AIR, measuring the weather events that occurred from April 22-28, says losses will be between $3.7 billion and $5.5 billion. The Boston-based catastrophe-risk modeling firm says the estimate includes residential, commercial, industrial and automobile damage, as well as additional living expenses and business-interruption losses.

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