How are you and your friends fairing out, with regards to these numbers?
The ISO reports that the storms that ripped through 18 states earlier this month are expected to cost insurers $1.55 billion, making it the 3rd most costly windstorm in history.
The ISO PCS predicted insurers will receive more than 429,000 claims resulting from more than 400 tornadoes that hit from May 2 - 11/03. They break those figures down as follows for the "top" 6 affected by estimated dollar loss;
Missouri - approx 62,000 claims, worth $275 million
Oklahoma - approx 55,000 claims, worth $245 million
Nebraska - approx 31,000 claims, worth $175 million
Georgia - approx 30,000 claims, worth $90 million
Illinois - approx 37,500 claims, worth $75 million
North Carolina - approx 24,500 claims, worth $75 million
The highest insured loss resulting from a windstorm cat was $2.2 billion in April 2001 affecting 16 states, followed by a $1.7 billion loss in April 2002. |
How was the pie split - who handled the claims?
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Posted - 05/22/2003 : 12:55:06
