Multiple rounds of severe thunderstorm activity that struck the Midwest of the United States earlier this month is seen as having the potential to result in a top-10 severe weather insurance industry loss event, which implies that the cost could be around $5.1 billion or higher to the market, according to broker Guy Carpenter.
Between August 9th to 11th, the Midwest was impacted by multiple rounds of severe convective storm (SCS) activity, driven by a slow-moving cold front affecting the states of Wisconsin, Illinois, Iowa, Indiana, Ohio, as well as other surrounding states.
Most notably, reported maximum windspeeds in the southern part of the Chicago, Illinois metropolitan region registered above 90 mph.
However, the strongest wind gust of 97 mph was reportedly recorded in Sugar Grove, IL, a suburb of Chicago.
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