The first estimate for the insured losses from the deadly tornadoes that ravaged the Midwest at the end of Feb. says the storms could generate as much as $2 billion in claims. 

Catastrophe modeler EQECAT says the severe weather that formed two volatile weather systems during the period from Feb. 28 to March 3 produced an estimated $1-$2 billion in insured losses. The weather events included tornadoes, hail, and strong winds over an area that covered 12 states, from the Deep South to as far north as Ohio and Illinois, according to National Weather Service (NWS) maps. Most of the more than 150 tornadoes, a preliminary count, occurred in the states of Tennessee, Kentucky, Indiana, Illinois, and Alabama, reports EQECAT.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.