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North American insured Cat losses total $8B so far in 2015

An exceptionally snowy winter and a severe tornado season have contributed to $8 billion in insured losses for North America for the first half of 2015.

By Caterina Pontoriero | Updated on July 15, 2015

An exceptionally cold, snowy and long winter in parts of the Northeastern U.S. and Canada, and a delayed but severe tornado season in the Midwestern and Southern U.S., have contributed to overall losses of $12 billion in North America for this first half of 2015. Natural catastrophes have resulted in $8 billion in insured losses for the continent from January to June 2015.

According to Munich Re, a series of snow storms that struck the Northeast at the end of February was the costliest global natural catastrophe for the insurance industry so far this year.

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