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What would happen during a thunderstorm megadisaster? AIR breaks it down

Severe thunderstorms can often result in unexpected losses and highly volatile financial outcomes. See a hypothetical severe t-storm outbreak in the U.S. and the losses that result.

By Scott Stransky | Updated on July 21, 2014

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.

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