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Risk Management

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

Mark A. Hofmann

January 24, 2012 Reprints

Catastrophes P/C Insurers More + Less -

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.

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

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