Filed Under:Markets, Workers Compensation

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.

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