An insurance industry group said the hailstorms and tornadoes that pummeled the South over the past two weeks have been declared catastrophes that could reach $50 million in insured losses.

Dave Dasgupta, a spokesman for Insurance Services Office in Jersey City, N.J., said that two storm periods–April 2-3 and April 6-8–have been listed as catastrophes, an incident that meets or exceeds $25 million in insured property loss. No loss figures are yet available.

A spokeswoman for the Missouri Department of Insurance said while no figures are yet available for the storms that hit the state in the past two weeks, it did have figures from the 25 carriers in the state from an earlier series of storms that hit the state March 11-13.

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