Two storm cells struck the USA between 28 February and 3 March
Tornadoes which devastated parts of the USA last week are expected to cost insurers $1bn to $2bn, according to initial estimates.
Catastrophe modelling firm EQECAT has reported the losses stem from more 150 tornadoes striking the Midwest and southern USA, with most losses occurring in Tennessee, Kentucky, Indiana, Illinois, and Alabama.
The early start to the tornado season caused “significant” damage to commercial and residential buildings.
Tornado activity for the year is well above average with 272 tornadoes versus the seven-year average of 123. Tornadoes have been cited as the cause for 49 deaths year-to-date.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
No comments yet