April storms cause millions in insured damages in Midwest, mid-Atlantic
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Early April storms caused between $52.6 million and $57.8 million in preliminary insured losses in Ohio, according to the Columbus-based Ohio Insurance Institute.
High winds, rain and bands of snow moved across Ohio on April 2 and peak wind gusts of over 60 miles per hour were reported in several counties, the institute said Tuesday in a statement.
Property Claim Services, a division of Verisk Analytics Inc., estimated preliminary total insured losses at nearly $350 million from the two-day spring outbreak affecting Delaware, Illinois, Indiana, Maryland, New Jersey, New York, Ohio, Pennsylvania, Virginia and Washington, D.C., with Ohio estimated losses at $57.8 million, the institute said in its statement.
“Not all insurance companies are represented by OII’s survey or PCS findings,” Ohio Insurance Institute President Dan Kelso said in a statement. “The range of $52.6 to $57.8 million in losses for Ohio is the industry’s best guesstimate at this time.”
According to the institute’s statement, PCS said Ohio’s estimated insured losses were the second-highest of the affected states, with Indiana expecting to have the highest level of paid losses currently standing at $71.4 million.
Insurance industry estimates do not include losses involving uninsured property or flood-related losses, some of which are covered under the National Flood Insurance Program, the institute said.
Roughly 89% of claims reported to date relate to homeowners insurance. Most losses were the result of high winds causing damage to roofs, gutters, siding and windows, and autos. Water damage to ceilings and walls were also reported, the institute said.
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