The last week’s severe convective storms (SCS), tornadoes, strong winds, hail and flooding across the central United States could result in a bill running into the billions of dollars, on both an economic and insured basis

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1. “Due to relentless tornado activity over the last week, material losses within the central U.S. are expected to be significant,” Aon’s Impact Forecasting unit explained.

   The week saw a continuous severe weather outbreak and flooding affecting central US states between April 25th and May 2nd, Aon’s unit reports.

   A number of powerful and damaging tornadoes occurred and caused “catastrophic damage” across areas in Nebraska, Iowa, and Oklahoma, with numerous homes and businesses completely destroyed.

   In addition, heavy rainfall and flooding affected parts of Texas, Kansas, and Missouri, exacerbating the week’s toll for the insurance industry.

   In total, six people were killed and nearly 140 more were injured in the past week’s severe weather, Aon said.