Spring derecho storms in Northern Plains, Canada hit carriers: Guy Carp
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Spring derecho storms in Northern Plains, Canada hit carriers: Guy Carp

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Two separate “derecho” storms that struck the Northern US Plains and Ontario, Canada, in May are “meaningfully impacting carriers”, with the latter potentially resulting in upwards of C$1bn ($795mn) of losses, according to a Guy Carpenter report.

The first struck Kansas, Nebraska, Minnesota and the Dakotas on May 11 and 12, with wind gusts of up to 107 mph accompanying a damaging line of thunderstorms that moved through the states, a report from the reinsurance broker’s...

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