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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.