Ohio insurers say losses from last month’s windstorm will rival those from the state’s costliest natural disaster of recent decades.
The 1974 tornado that devastated the western Ohio city of Xenia caused about $600 million in damage, according to the Ohio Insurance Institute. The industry group says at least $553.1 million in insured losses were left by remnants of Hurricane Ike, which swept through the state on Sept. 14.
The institute says the windstorm is generating a record number of claims from Ohio home, vehicle and business owners. Twenty-four insurance companies that write policies in the state report they’ve received roughly 132,000 claims so far.
Insurers say most of the claims have come from the southern half of the state.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


BP Oil Spill Claims Chief Braces for Surge in Filings
N.Y. Regulator Issues ‘Cease and Desist’ Order to Car-Sharing Firm RelayRides
Tornadoes Spin Through Texas Towns After Dark, Killing Six
U.S., European Retailers Divided on Safety Plan for Bangladesh Factories
Government to Share Cyber Security Information with Private Sector
50 Top Apps for Independent Agents
Medical Liability Market Profitable But Deteriorating Results Expected: Fitch
Three Insurance Companies Placed in Liquidation in Illinois







