Mid-single-digit billion US storm losses put June outbreak among industry’s costliest periods in 2026: Gallagher Re
Jun 19th, 2026 • 5 min • View Source
Gallagher Re has suggested that nearly daily outbreaks of severe convective storm (SCS) activity in the first two weeks of June, which affected several major metro areas from the Rockies to the Northeast in the United States, will have an estimated aggregated cost to the insurance industry in the mid-single-digit billions. According to the firm’s […] The post Mid-single-digit billion US storm losses put June outbreak among industry’s costliest periods in 2026: Gallagher Re appeared first on ReinsuranceNe.ws.
Commercial risk teams are responding with tighter controls, scenario modeling, and broader collaboration across underwriting, claims, and cyber operations.
Leaders continue to prioritize resilience planning while balancing cost, coverage terms, and operational exposure in a changing market cycle.
