According to reinsurance broker Gallagher Re, year-to-date industry losses from US severe convective storms in 2026 have accelerated and climbed above $35 billion, as the peril’s quieter start to the opening months of the year have since given way to prolific activity.
The broker has recently published a new event commentary report, covering the considerable US SCS activity that has affected much of the Plains, Midwest, and Mid-Atlantic, over the last week.
“A highly active stretch of severe convective storms (SCS) brought considerable damage across parts of the Plains, Midwest, and MidAtlantic in the US from August 9-12. The period featured a high-end derecho event that left significant damage across the Chicago (IL) metro region and other notable population centers in Indiana, Ohio, and Kentucky on August 11,” the report reads.
FULL ORIGINAL PUBLICATION HERE