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.
Study: AI May Be Tempering Insurer Hiring 
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
