Deadly tornadoes to cost insurers about $3 billion: KCC
Posted On: Dec. 14, 2021 8:31 AM CST
(Reuters) — Catastrophe modeling firm Karen Clark & Co. said Tuesday it expects insured losses of about $3 billion from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month.
The estimates for storms between Dec. 9 and Dec. 12 include the swarm of tornadoes that tore a 200-mile path through six states in the Midwest and South, demolishing homes, leveling businesses and setting off a scramble to find survivors beneath the rubble.
The barrage of tornadoes killed at least 74 people in Kentucky, officials said Monday.
The powerful twisters, which weather forecasters say are unusual in cooler months, destroyed a candle factory and the fire and police stations in a small town in Kentucky, ripped through a nursing home in neighboring Missouri, and killed at least six workers at an Amazon warehouse in Illinois.
KCC's estimate includes the privately insured damage to residential, commercial, and industrial properties and automobiles.