Ohio Storm Damage Over $38 Million
|NU Online News Service, May 15, 10:10 a.m.EST?Tornado and hailstorm damage in Ohio last month caused$38.2 million in insured losses in the state, the Ohio InsuranceInstitute said yesterday.
|The Columbus-based OII said a tornado with 150-mile-an-hourwinds hit Jackson Township and North Canton, destroying 17businesses, 206 homes and a number of vehicles.
|The Ohio Emergency Management Agency estimated that 95 percentof the tornado-damaged property was insured.
|According to OII, its survey of 34 property-casualty insurerstallied 13,960 claims resulting from the storm system. Theinstitute said more than half the claims were from homeowners andrenters insurance, mostly for structural damage.
|More than 40 percent of the claims, the OII survey found, werefor damaged or totaled vehicles.
|The five companies recording the most dollar value for claimswere: State Farm Insurance, $15 million; Grange Insurance, $6.5million; Western Reserve Group, $1.5 million; Erie Insurance, $1.27million; and Nationwide Insurance, $1.2 million.
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