Tornadoes and Wind Storms

Thunderstorms are getting more destructive — and insurance companies are paying for it

Thunderstorms are getting more destructive — and insurance companies are paying for it

Severe storm systems leave more in their wake than death and destruction — including insurance claims. And they're piling up.

Strings of destructive storms in the U.S. throughout March are expected to cost the insurance industry more than $2 billion, according to a report from Aon Benfield, the global reinsurance branch of London-based Aon.

Though the report doesn't break down damage by state, it names a system that swept through Illinois in early March as the most damaging. It dropped dozens of tornadoes throughout the Midwest and parts of the South, downing power lines and damaging buildings, before heading east and wreaking havoc there.

Total economic losses for...

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