Heartland Tornadoes Are Worst In Years A series of deadly storm cells that produced over 100 tornadoes beginning Friday, May 2, has caused considerable damage and death throughout 14 states in the Midwest and South, claiming about 40 lives and obliterating towns in at least three states.
The Insurance Information Institute in New York City said its survey of insurers dealing in six of the states affected estimated the damage could run at least $325 million, making it one of the top five costliest tornado events.
Giving a preliminary assessment of damage in just one state, Tennessee, however, adjuster R. Clay Humphries, assistant vice president and general manager for GAB Robins North America Inc. in Parsippany, N.J., said the insured loss damage there could run into the hundreds of millions of dollars. He said the feedback he is getting from carriers is that insurers are already putting away reserves in the triple-million-dollar range.
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