Even though preliminary figures are not even available yet, the Insurance Services Office Inc. has labeled the tornadoes that hit 14 Midwestern states an insurance catastrophe, meaning that insured damages are expected to reach at least $25 million.
Estimates are that insured damages will far exceed that figure, however.
Was this article valuable?
Here are more articles you may enjoy.
NAIC Victim of Cyber Incident Via PeopleSoft System 
Intersecting Risks and the Future of Construction Insurance 
Trump Administration Backtracks on Removing Ocean Sensors 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
