U.S. Saw Record-Breaking Thunderstorm Damage in 2023

null By Richard VanderfordJan. 9, 2024 5:08 pm ETA vehicle sits in the wreckage of a Perryton, Texas, business destroyed in a June storm. Photo: Alex Driggars/Lubbock Avalanche-Journal/Associated PressThunderstorms in 2023 caused $76 billion in losses in North America and Europe, a record for such weather events, which have in recent years begun to rival hurricanes in terms of the damage they collectively mete out to businesses and homes. The weather events, formally known as severe convective storms, in North America destroyed assets valued at $66 billion, according to an analysis of the year’s natural catastrophes released Tuesday by reinsurer Munich Re. About $50 billion of that was insured. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersDSW: Sitewide sale: 25% off at DSWFinish Line: Receive $10 Off your order - Finish Line CouponTarget: Take 20% Off Your Entire Order - Target promo CodeTop Resume: Top Resume Coupon

A person who loves writing, loves novels, and loves life.Seeking objective truth, hoping for world peace, and wishing for a world without wars.

Opinion Jan 10, 2024 Add to Reading List

U.S. Saw Record-Breaking Thunderstorm Damage in 2023

null

Richard Vanderford

Jan. 9, 2024 5:08 pm ET

A vehicle sits in the wreckage of a Perryton, Texas, business destroyed in a June storm. Photo: Alex Driggars/Lubbock Avalanche-Journal/Associated Press

Thunderstorms in 2023 caused $76 billion in losses in North America and Europe, a record for such weather events, which have in recent years begun to rival hurricanes in terms of the damage they collectively mete out to businesses and homes.

The weather events, formally known as severe convective storms, in North America destroyed assets valued at $66 billion, according to an analysis of the year’s natural catastrophes released Tuesday by reinsurer Munich Re. About $50 billion of that was insured.