US convective storm losses surpass $31bn this year

Year-to-date insured losses put 2024 among the four costliest years for severe convective storms

Insured losses from severe convective storms in the US this year have already exceeded $31bn, making the year-to-date damages already among the four costliest years for such storms, according to Steve Bowen, chief science officer and meteorologist at Gallagher Re.