CHICAGO, June 6, 2019 – Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during May 2019.
The report reveals that no fewer than seven outbreaks of severe convective storms swept across central and eastern sections of the United States. Preliminary local storm report (LSR) data from NOAA indicates that there were nearly 4,400 individual reports of tornadoes, hail, and straight-line winds – the most in May since 2011.
In addition to the thunderstorm impacts was continued flooding, as record-breaking rainfall in Oklahoma and Kansas resulted in historic flooding throughout the Arkansas River Basin, accompanied by remnant flooding in the Missouri and Mississippi River Basins. Total economic and insured losses from the convective storm and flood impacts were each anticipated to reach into the billions of dollars (USD).
Steve Bowen, Director and Meteorologist within Aon’s Impact Forecasting team, said: “Historically, May has been the most active month for tornadoes in the United States and 2019 was no exception, with the highest May tally since 2015. A persistent weather pattern led to several multi-day outbreaks of severe weather that resulted in tornadoes, large hail, damaging straight-line winds, and record-breaking rainfall which had a considerable impact on property and the agricultural sector. Severe convective storms have resulted in at least USD10 billion in U.S. insurance payouts annually since 2008, and we are likely headed towards a 12th consecutive year.”
Other natural catastrophe events to have occurred elsewhere during May include:
To view the full Impact Forecasting May 2019 Global Catastrophe Recap report, please follow the link:
Along with the report, users can access current and historical natural catastrophe data and event analysis on Impact Forecasting’s Catastrophe Insight website, which is updated bi-monthly as new data become available:
http://catastropheinsight.aon.com
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Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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