US SCS insured losses near $40bn with hail as main driver: Gallagher Re’s Bowen
Reinsurance News - Aug 11, 2023
Hail damage is predominantly driving the loss trend for severe convective storms (SCS) in the United States, with the peril driving 50 to 80% loss claims any given year, Gallagher Re’s Steve Bowen has said. The Chief Science Officer of reinsurance broker Gallagher Re, explained in a LinkedIn post th...
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