US SCS losses accelerate as second $1bn event emerges in same week: Gallagher Re

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Reinsurance News - Mar 20, 2026

A new Gallagher Re report has indicated that the March 15–16 severe convective storm (SCS) outbreak is on track to become the second U.S. SCS event of the year to generate more than $1 billion in industry losses, occurring within the span of a single week, following the hail and tornado-driven impac...

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