Severe Convective Storms: State of the Risk

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Severe convective storms are among the most common, most damaging natural catastrophes in the United States. Encompassing tornados, hail, straight-line winds, and thunderstorms with lightning, these small to mid-size perils caused $51 billion in annual U.S. insured losses in 2025, marking the third consecutive year such losses exceeded $50 billion, according to Gallagher Re.

Trailing behind only 2023 and 2024 in losses, 2025 ranks as the third costliest year on record for the peril, producing more than $68 billion in total economic damages. Much of the destruction occurred in densely populated areas, driven in part by evolving climate and weather patterns as well as population shifts into high-risk regions.

(As of April 9, 2026)