Tornado Claims Create Billion Dollar Losses For Spring 2012
The tornado count for this year is extremely high and so are the losses. It is estimated that the losses from tornadoes, hail and high winds that struck during late February and early March alone are between $1 billion and $2 billion.
It is estimated more than 150 tornadoes touched down between February 28 and March 3 with most damage occurring in the states of Alabama, Kentucky, Illinois, Indiana and Tennessee according to the risk modeling firm EQECAT.
Many of the tornadoes had winds between 136 mph to 165 mph according to Risk Management Solutions and were classified as an EF3 on the Enhanced Fujita Scale. The tornadoes spanned as far south as northern Florida.
What does this mean for us in Wisconsin? National carriers will likely use this in calculating upcoming increases.
Wisconsin residents, if you would like more information, please contact us.