NU Online News Service, March 6, 11:28 a.m. EST

The first estimate for the insured losses from last week's series of deadly tornadoes that ravaged the Midwest says claim payments could go as high as $2 billion.

Catastrophe modeler EQECAT says the severe weather that formed two volatile weather systems during the period Feb. 28 to March 3 produced an estimated $1 to $2 billion in insured losses.

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