Category Archives: Tornadoes

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May storms to generate $2.5 billion in claims

On May 11-16 a series of wind, hail and rain storms struck most states east of the Rocky Mountains. Karen Clark & Co. a catastrophe modeling firm, estimates that the storms will cost insurers $2.5 billion. Most of the damage occurred in the Midwest, Northeast and Mid-Atlantic regions. Karen Clark predicts that insured losses higher… Read More »