Hurricane Irene is bearing down on the North Carolina coast on its way to affecting some of the most valuable states in the country in terms of insured coastal property.
Hurricane Irene is bearing down on the North Carolina coast on its way to affecting some of the most valuable states in the country in terms of insured coastal property.
Claims are piling up from extreme weather in the Southeast and Midwest that has kept insurers busy evaluating many thousands of damaged and destroyed homes.
State Farm, Arkansas’ largest personal-lines insurer, says it has received more than 3,000 automobile claims and about 2,250 homeowners claims since April 19.
State Farm says it has received more than 15,000 claims from the storms; North Carolina Farm Bureau Insurance says it is treating the aftermath the same as a hurricane.