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.
Florida Lawmakers Vote to Drop Building Permits on Projects of $7,500 or Less
Is a Federal Reinsurance Backstop the Answer to Home Insurance Challenges?
P/C Statutory Results: The Highs and The Lows
Hormuz Escape Route Suggests Ships Navigate on Iran’s Terms 

