Aon has estimated that the insured losses from storms that struck the U.S. and Canada during the weekend of August 17-18, 2024, will reach “hundreds of millions of dollars.” The storms brought intense rainfall to areas such as Connecticut, New Jersey, New York, and south-central Ontario, leading to significant flooding. In Connecticut, some regions experienced historic rainfall, with local authorities indicating that some areas recorded nearly 9.4 inches within 24 hours. The storm’s impact followed prior severe weather events, raising concerns about flood risks in the region.
