Editor's note: Scott Stransky is a Manager and Principal Scientist at catastrophe modeling firm AIR Worldwide.
Losses from severe thunderstorms have accounted for approximately one half of all U.S. catastrophic insured losses since 1990, according to Property Claim Services (PCS). Because of the relative frequency of thunderstorms, as compared to hurricanes or damaging earthquakes, many insurance companies believe their historical loss data is sufficient to capture the risk from this peril.
However, severe thunderstorms can often result in unexpected losses and highly volatile financial outcomes because of the localized nature of the peril and the growing number and value of exposures in harm's way.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
