Insurance companies have set up claims centers in parking lots and agents are filing them on their mobile phones to speed payouts that could reach $5 billion from last week’s tornadoes. That figure would make the storms that tore through six states last week one of the most costly tornado disasters in history. Damage is… Continue reading Tornado Insurance Payouts Estimated to Hit $5 Billion
Tag: tornado insured losses
Insured Losses from Tornado Outbreak Estimated at $3 Billion: Karen Clark & Co
According to Karen Clark & Company (KCC), the insurance industry loss from the recent severe convective storm (SCS) outbreak in the United States will be around $3 billion. The SCS outbreak, which brought damaging winds and hail, occurred between December 9th and December 12th, and tornado activity was reported in at least six US states,… Continue reading Insured Losses from Tornado Outbreak Estimated at $3 Billion: Karen Clark & Co