June Hailstorms Total $18 Million in N.D. Insured Damages

June 28, 2005

North Dakota Insurance Commissioner Jim Poolman reported that severe weather that ripped through the Dickinson area in Western North Dakota and the Langdon and Walhalla areas in Eastern North Dakota earlier this month has caused an estimated $18 million in damage to insured property.

As of Monday, early estimates from several major insurance carriers who write a majority of the auto, homeowners and farm/ranch insurance market in North Dakota indicate that they have received more than 4,500 claims. Many companies report that they have completed the adjustment of around 25 percent of the claims filed and expect to be finished assessing damage in the next few weeks. Many insurance companies have set up catastrophe teams in the Dickinson area.

Companies have been quick to respond with catastrophic claims teams that are evaluating damage to property and autos.

In the Dickinson area, insurers see an estimated 4,000 claims which will total over $14 million in insurable damage. In the Langdon/Walhalla area, insurers expect an estimated 500 claims which will total over $4 million in damage.

A majority of the claims in the Dickinson area were homeowners’ claims, with mild roof damage to many homes due to wind and hail. Almost all of the claims in the Langdon and Walhalla area were farm and ranch claims with damage to grain bins, storage sheds, and other farm property.

These figures do not include any damage to North Dakota crops. They are only to farms, ranches, homes, autos and other personal property.

Topics Catastrophe Natural Disasters Claims Agribusiness North Dakota

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