Alabama Insurance Claims for Tornadoes Top $2 Billion

January 3, 2012

Insurers have paid at least $2.2 billion claims arising from the April tornado outbreak in Alabama, authorities said.

More than 2,500 claims are still pending eight months after the storms, The Birmingham News reported.

The figures, from the Alabama Department of Insurance, include amounts that insurance firms regulated by the state have paid for homes, cars, businesses and other property damaged on April 27.

They do not include claims paid by surplus lines companies such as Lloyd’s of London that insure some Alabama property but are not regulated by the state.

If all claims were resolved and counted, state insurance officials said the total would probably approach $3 billion.

“These numbers are not surprising to us,” said State Insurance Commissioner Jim Ridling. “They fall in line with the estimates we have seen.”

So far, 117,400 claims have been filed, and 2,600 are still open.

About 9,400 claims weren’t filed until June or later, insurance officials said.

Topics Catastrophe Natural Disasters Claims Windstorm Alabama

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