NU Online News Service, March 5, 12:00 p.m. EST
Insurers will be on the hook for hundreds of millions of dollars in insured losses from the past week's tornado devastation, but knowing the exact figures will take some time according to catastrophe modelers.
"At this time, there have yet to be any broad estimates on the overall scope of losses," says Steve Bowen, senior meteorologist at Impact Forecasting for Aon Benfield's catastrophe model-development team in an e-mail. "It will likely be some time to get a true estimate from insurance companies given the widespread nature of the event and that the National Weather Service continues to assess the damage to confirm and determine tornado ratings."
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