Recent Deadly Tornadoes Sharpen Focus on Building Codes

natural catastrophe losses

In towns ravaged by a deadly tornado outbreak earlier this month, the clean-up is painstaking and painful. “They don’t have anything. No belongings left,” said Taylor Powell, a resident of Marshall County, Kentucky. “It’s just gone.” It’s a task made harder by the complete destruction of so many homes and buildings. “I’m not sure what… Continue reading Recent Deadly Tornadoes Sharpen Focus on Building Codes

AM Best Sees “Manageable” Tornado Losses

convective storms, wildfires put stress on Homeowners insurance

Although AM Best expects insurance companies to be able to absorb the losses from the recent and deadly U.S. tornado outbreak, supply chain challenges and inflationary pressures may exacerbate insurance losses. AM Best’s initial viewpoints regarding the tornado outbreak across central and southern US states, which as detailed in its Best’s Commentary, “Tornado Outbreak Adds… Continue reading AM Best Sees “Manageable” Tornado Losses