Storms and tornadoes that tore through the Midwest in the first half of the month created two catastrophes with insured losses of $380 million, Property Claims Services reported.
According to Gary Kerney, assistant vice president of PCS--a unit of the Jersey City, N.J.-based Insurance Services Office--the total covered loss for Cat. No. 17, which took place from Aug. 10-11, is $160 million.
The PCS estimate of insured property damage from Cat. No. 18, which occurred Aug. 13-14, is $220 million, and both catastrophic losses are classified as "Wind and Thunderstorm Events," including flood, hail, tornadoes and wind in Minnesota and Wisconsin.
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