Even though preliminary figures are not even available yet, the Insurance Services Office Inc. has labeled the tornadoes that hit 14 Midwestern states an insurance catastrophe, meaning that insured damages are expected to reach at least $25 million.
Estimates are that insured damages will far exceed that figure, however.
Was this article valuable?
Here are more articles you may enjoy.
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order 
