Severe convective storms cause $21B insured losses

Convective storm activity produced concentrated claim spikes across major commercial corridors, stressing catastrophe models calibrated on historic seasonality.

Carriers are adjusting deductibles, retentions, and sub-limits in loss-heavy regions while encouraging policyholders to improve roof resilience and drainage design.

Brokers report increased interest in layered structures that combine traditional indemnity with parametric triggers for faster liquidity after severe events.