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Severe weather disrupts U.S. economy in February

Insurers face $1 billion toll from severe weather events in Australia and the U.S. through February.

By Denny Jacob | Updated on March 10, 2017
Two men watch as water gushes from the Oroville Dam's main spillway on Feb. 15, 2017 in Oroville, California. Severe rainfall caused damage like this and flooding throughout the state in February. (AP Photo/Marcio Jose Sanchez)

An intense outbreak of tempestuous weather hit the U.S. in an unusually early start to the severe weather season, reports Aon Benfield in its Global Catastrophe Recap for Feb. 2017. While winter weather caused disruption in the Mid-Atlantic and Northeast early in the month, the real trouble was later on when severe thunderstorms hit other parts of the country.

According to the report by Aon’s catastrophe model development team, the most notable of the activity was five outbreaks of severe weather that hit the U.S. during February, including 60 confirmed tornado touch-downs in the Midwest, Southeast and Mid-Atlantic. Illinois, Missouri, Indiana, Arkansas, Kentucky and Tennessee were among the hardest-hit states. Large hail and damaging winds afflicted homes, businesses vehicles and other structures, with total economic and insured losses from this one event minimally estimated in the hundreds of millions of dollars. 

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Denny Jacob

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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