Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re

Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re

Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...