Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team.
The most prolific event occurred during the second half of the month after nearly 80 confirmed tornadoes touched down in the Southeast, said the Aon Benfield report titled “Global Catastrophe Recap – January 2017.”