Severe June weather causes $2.3 billion+ economic losses
Several severe weather outbreaks in the United States in June resulted in an economic loss exceeding $2.3 billion. The costliest event was a prolonged weather pattern from June 5-11 across much of the eastern two-thirds of the United States that caused total economic losses estimated at $800 million, of which more than $600 million was insured.
Steve Bowen, director and meteorologist on the Impact Forecasting team at Aon, said, "The costs associated with the severe convective storm peril continue to account for a higher portion of insurance payouts on an annual basis. While the United States often drives most of these fiscal impacts due to hail, other areas such as Canada, Australia, Germany and France are frequent to the risk. The June 13 hailstorm in the Calgary metro region, which became one of Canada's most expensive thunderstorm-related events on record, was not a surprise given Alberta's long history of impacts from the peril, but the size and intensity of the storm swath over such a concentrated population center only magnified the potential of extensive damage."