US nat-cat losses in Q1 likely below average level: Siffert
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US nat-cat losses in Q1 likely below average level: Siffert

Luke Harrison
21 March 2022
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BMS logo storm damage.jpg

Insurance losses to date in Q1 due to severe US weather could reach $2bn, according to BMS senior vice president Andrew Siffert, who said the total is likely arrive at a below-average level for the period.

In a note on the effects of cat events up until 20 March, including the February storms across Texas and recent thunderstorms, the senior meteorologist said the industry is on track to take losses from winter storms in particular...

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Luke Harrison
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