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Rising insurance losses from severe thunderstorms likely to continue [Report]

The increasing losses from severe thunderstormswhich include hail, heavy rains and flash flooding, tornadoes, thunder and lightningare a growing challenge for society and insurers alike.

By Jayleen R. Heft | Updated on April 06, 2015

According to a recent Swiss Re sigma report, the increasing losses from severe thunderstorms—which include hail, heavy rains and flash flooding, tornadoes, thunder and lightning—are a growing challenge for society and insurers alike. The localized nature of the storms means they can cause considerable damage to crops, and also to properties and vehicles when they hit densely populated areas.

Severe thunderstorms occur in many countries around the world, and the United States is no exception. The damage left in the wake of a severe thunderstorm can be extreme, and the impact and costs of such storms have been rising over the last 25 years.

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Jayleen R. Heft

Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].

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