Farmers Insurance has estimated an overall loss of $90 million resulting from severe weather that moved through portions of Texas, Oklahoma and Missouri at the end of December.
The region experienced heavy rain, strong winds and hail. Multiple tornadoes in North Texas area caused the most damage.
Farmers reports more than 3,900 claims filed already and anticipates another 4,000 claims as a result of the storms.
Source: Farmers Insurance
Topics Profit Loss Windstorm Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
