A Joplin, Mo.-based State Farm agent describes how her agency has been dealing with this enormous catastrophe—and the profound impact it has had on her clients.
As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.
The odds are good that as you’re reading this, you’re holding in your hands a printed copy of NU. And if you’re anything like me, you still get a small but real thrill when one of your favorite magazines arrives in the mail.
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State Farm has logged more than 400,000 home, business and automobile claims due to U.S. storms in April and May, and claims payments have doubled in less than three weeks.