Thousands of Claims from the Plains Head to Insurers

NU Online News Service, April 17, 2:10 p.m. EDT

Claims counts from severe weather in the Plains states last weekend are quickly piling up.

As of late yesterday, State Farm, the top insurer of property in the affected states, says it has received more than 2,400 claims for tornado, hail and wind damage.

Meanwhile, American Family Insurance has logged 800 property claims and about 430 automobile claims, writes spokesman Stephen Witmer in an email.

The National Weather Service reported 126 tornadoes touched down in Iowa, Kansas, Nebraska and Oklahoma Saturday and early Sunday. The count is not official.

Many of the tornadoes have been reported in isolated areas of rural Kansas—99 of the 126 tornado reports are from Kansas.

Still, 29 homes in Kansas were classified by State Farm as uninhabitable. The insurer took 305 homeowners claims and 124 auto claims in Kansas, according to spokesman Jim Camoriano. Fifty of the vehicles can’t be driven.

In Oklahoma, 503 claims—245 homeowners and 258 autos—have been filed with State Farm, Camoriano adds. About 35 homes can’t be lived in and 53 vehicles are not drivable.

Woodward, Okla. received much of the media attention following the weekend storms. Six people there died. Though an early warning by the National Weather Service’s Storm Prediction Center has been credited for saving lives, a lightning strike knocked out the tornado sirens in Woodward. The deaths in Woodward were the only ones reported.

State Farm spokeswoman Ann Avery says the claims count is 756 in Iowa(510 homeowners) and 748 in Nebraska (516 homeowners).

According to SNL Financial, State Farm is the top writer of multi-peril homeowners and private passenger auto insurance in Oklahoma, Kansas, Iowa and Nebraska with a combined 24.65 percent combined market share. American Family is the third-largest provider of homeowners’ and auto insurance in the states, with a 6.7 percent market share.

Comments

Resource Library

View All »

Bring the Benefits of Decision Tree Analysis to Your Everyday...

In this on-demand webinar, learn how to counter the challenges of litigation with predictive analytics...

Learn and Apply the Secrets of Successful Businesses to Your...

What does it take to elevate your agency to be known as the best of...

Have you outgrown your QA system?

Your claims audit tools must handle organizational growth and changing best practices. Download the "25...

Complimentary Sales Closer Questionnaires for Commercial Residential Property Insurance

Help property owners or managers compare your commercial residential property insurance coverage vs. the competition....

The Latest Business Intelligence Capabilities to Reduce Costs and Enhance...

SIMS Insight is the advanced business intelligence module of SIMS Claims. Want more information? Download...

Top Trends in Roof Risk Mitigation

Get an in-depth look at the progression of the roof problem, including a four-step path...

When Banks Won't Help, Oak Street Funding Will.

Our commission-based loans are designed to help agents and brokers invest in their business, consolidate...

Home Run Leads are Here!

Our high quality leads will have you swinging for the fences and knocking your sales...

We Have Your New Formula for Success!

Your goal is to deliver maximum impact on those critical aspects of business that drive...

Complimentary White Paper: What Makes a House a Home?

The restoration vendor is the first person on site after a disaster strikes a home...

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.