Filed Under:Claims, Catastrophe & Restoration

Tornado Devastation Will Cost Insurers Hundreds of Millions

A real estate office without roof or walls after tornado damage in West Liberty, Ky., March 5. (AP Photo/John Flavell)
A real estate office without roof or walls after tornado damage in West Liberty, Ky., March 5. (AP Photo/John Flavell)

NU Online News Service, March 5, 12:00 p.m. EST

Insurers will be on the hook for hundreds of millions of dollars in insured losses from the past week’s tornado devastation, but knowing the exact figures will take some time according to catastrophe modelers.

Featured Video

Most Recent Videos

Video Library ››

Top Story

15 tips for driving safely on ice and snow

More than 800 people die each year in the U.S. in vehicle crashes caused by snow, sleet and freezing rain.

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.