Insured losses from tornadoes in South should stay under $100M: EQECAT

OAKLAND, Calif.—Insured losses from Sunday’s tornadoes in the south central United States should not reach $100 million, according to catastrophe modeler EQECAT Inc.

Tornadoes, hail and extreme wind affected a wide swath of the South between Jan. 21 and Jan. 23, with 21 tornado events reported in Alabama, Arkansas and Mississippi, according to Oakland, Calif.-based EQECAT.

Other states affected by the severe weather included Georgia, Indiana, Kentucky and Tennessee.

“Many structures were damaged, but insured losses should remain well below $100 million,” said EQECAT in a statement.