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.
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive 
Allstate Q1 Net Income Skyrockets on Underwriting Gains 
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
