U.S. Tornadoes, Storms in February May Cost More Than $1 Billion

  • Insured damage to be hundreds of millions of dollars, Aon says
  • Cyclone in Fiji could cost $470 million, or 10% of GDP

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Losses from severe storms and tornadoes that struck much of the U.S. in February could amount to more than $1 billion, including hundreds of millions of dollars of damages that will probably be covered by insurers, Aon Plc said.

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