Severe Convective Storms (SCS) infographic
Severe convective storms are one of the most common and most damaging natural catastrophes in the United States.
0.5 minutes read
Published: 22.02.2024
properties.trackTitle
properties.trackSubtitle
Storms producing one or more:
Damaging winds or wind gusts of >58 mph
Hail >1 inch diameter
A tornado
Loss-drivers of increased SCS losses
90% ↑ in economic losses YOY 2022-2023
Steps to reduce damage from SCS
Trim your trees
Install lightning surge protector
Select a wind-rated garage door
Upgrade to steel gutters/downspouts
Install protective screens on HVAC units
Upgrade to highly-rated impact shingles
Tips for underwriting SCS
- Update the total insured value
- Reflect the true risk
- Price risk adequately
Top 5 states since 2010 for insured SCS loss
Learn more about our property and casualty reinsurance solutions.
2
Contact us
Michael Quigley
Head of Property Underwriting & Multiline Risk Quantification
Tehya Duckworth
SVP/Property Underwriting Manager
This may interest you
Newsletter
Stay ahead of the curve with exclusive insights and industry updates! Subscribe to our Munich Re Insights Newsletter for a front-row seat to the latest trends in risk management, expert analyses and assessments, market insights, and innovations in the insurance industry. Join our community of forward-thinkers at Munich Re and empower your journey towards a more resilient future.