US SCS insured losses exceed $50bn for the first time: Gallagher Re’s Bowen
Reinsurance News - Sep 29, 2023
According to reinsurance broker Gallagher Re’s Chief Science Officer, Steve Bowen, 2023 has officially crossed the $50 billion insured loss threshold for US severe convective storm (SCS) activity for the first time on record, based on either a nominal or adjusted basis. Bowen warns that losses from...
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