How insurers can gain a Twister-like understanding of tornado risk this season

At a glance:

  • A slew of tornadoes hit the Northeast this season causing massive damage. While insured losses are still being tallied, the twisters spun off from a chain of severe convective storms (SCS) that brought with them straight-line wind, hail, heavy rain, and flooding from Florida to New York.
  • Annual insured losses from severe convective storms are expected to approach $25 billion—that’s higher than hurricane and earthquake combined, according to new research from Karen Clark & Company.
Read on to learn what insurers can do to better assess and protect themselves, and insureds, from tornado risk this season.

Uncertain European Windstorm Season Upon Us: Claims mitigation and response should be ready

Aileen (also known as Sebastian) was the first named storm of the European windstorm season, bringing a healthy dose of what could be to come. Still, uncertainty pervades the 2017-18 season. Will it be benign, like past seasons, or will we see a higher frequency and severity of storms? 

The Severe Storms app is ready for its first full severe storm season!

Released last September, the Severe Storms app enables insurers to understand loss potential associated with live and historical U.S. tornado, hail, and straight-line wind events. To illustrate key features and workflow of the Severe Storms application, let's review its capabilities in the context of the April 19 storm outbreak in the Tulsa, OK area.

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