Deadly storms throughout the month of May damaged homes across the country and left many Americans thinking twice about their decision not to buy life insurance.
A new analysis of May's severe weather patterns finds storms that month killed 169 people and injured more than 1,500 others, according to the Aon Corporation's Impact Forecasting Monthly Report. The EF-5 tornado in Joplin, Missouri, proved to be the month's deadliest incident, said the report, killing 141 people and injuring 1,150 alone. It was the deadliest on record since 1950 and could produce insured losses into the hundreds of billions, said the report.
"The first half of 2011 has seen substantial severe weather and flood activity in the U.S., which has claimed hundreds of lives and has resulted in billions of dollars of re/insured losses and an even greater economic loss to the affected regions and the country as a whole." Steve Jakubowski, president of Impact Forecasting. "To put this period into perspective, the last year to see more than one EF-5 or F-5 tornado touchdown in the U.S. was 1998; yet in 2011 five EF-5 tornadoes have already been recorded."
The year's severe weather has put increased importance on consumers' need to purchase life insurance. Forecasts predict a busy hurricane season this summer as well.