Insurance Services Office in Jersey City said the ice storm that slammed into the Midwest on Monday has been rated an insurance catastrophe.

Gary Kerney, ISO assistant vice president, Property Claim Services, said”PCS declared a catastrophe for damage from ice and freezing. The definition pertains to the insured property damage in the Midwest including Oklahoma, Kansas, Missouri, Nebraska, Iowa and Illinois.”

ISO rates as catastrophes events which inflict an insured loss of $25 million.

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