Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon

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Insurance Journal - Jan 21, 2026

Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015, said …...

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