Ohio-based Nationwide Insurance reported that it expects to receive more than 11,000 claims from the recent winter storms in North Carolina and South Carolina, and estimates insured policyholder losses eventually could be more than $27 million.
The announcement indicated that “Most storm claims reported to Nationwide are for structural damages and food spoilage. Nationwide expects to receive additional claims for damages caused by ice dams and frozen pipes.”
“We have activated Nationwide’s National Catastrophe Team and have assigned claim representatives to the areas hardest hit by the storm,” stated Kevin George, Nationwide’s director of catastrophe claims operations. “Our claims force is working seven-days-a-week and we hope to have all claims closed by the end of the year,” he added.
Was this article valuable?
Here are more articles you may enjoy.
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal 
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds 
