Waves of severe thunderstorms in the U.S. this year have led to $34 billion in insured losses, according to a major company in the insurance industry. An increasing frequency of extreme weather has resulted in the unprecedented level of financial damage.
File - A person stands outside of a damaged home after a tornado hit May 13, 2023, in the unincorporated community of Laguna Heights, Texas near South Padre Island. A series of severe thunderstorms in the U.S. resulted in $34 billion in insured losses during the first half of the year, the highest amount ever for insured losses in the period, according to Swiss Re Group.
resulted in $34 billion in insured losses during the first half of the year, the highest amount ever for insured losses in the period, according to Swiss Re Group. File - A person stands outside of a damaged home after a tornado hit May 13, 2023, in the unincorporated community of Laguna Heights, Texas near South Padre Island. A series of severe thunderstorms in the U.S.
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