Severe Convective Storms in 2024 Pose Existential Threat to Insurers and Policyholders

Losses from secondary perils surpassing those from hurricanes WASHINGTON, Aug. 13, 2024 /PRNewswire/ — Insured losses from severe convective storms in the first half of 2024 represent a majority of worldwide catastrophe losses. Notably, insurance payouts for Severe Convective Storms…