July US storms to cost insurers $1bn: Impact Forecasting

Six separate outbreaks of severe storms and flash flooding in the
US in July could cost insurers in the region of $1bn, according to
the latest report from Aon Benfield's Impact Forecasting.
The storms, which affected the country from the Rockies to the
US east coast, are estimated to have generated a minimum of $1.5bn
in economic losses, according to the July catastrophe recap
report.
Some 67 percent of these economic losses are thought to be
covered by insurance.
Conversely,...