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Member, Beacon International Group, Ltd.
JERSEY CITY, N.J. The Insurance Services Office Inc.'s Property Claim Services unit has declared damage caused last week by severe weather in parts of Kansas to be a catastrophe, meaning that insured damage will reach at least $25 million.
A tornado late Friday destroyed nearly all of Greensburg, Kan.a town of about 1,500 people about 110 miles west of Wichita. The tornado, which local officials estimated damaged at least 95% of Greensburg, killed at least 9 people.
On Sunday, President Bush declared Kiowa County, of which Greensburg is the county seat, a disaster area.
PCS defines a catastrophe as an event that causes at least $25 million in insured property damage and that affects a significant number of property/casualty insurance policyholders and insurers.