Tornadoes May Cost Insurers $2 Bln

Eqecat says tornadoes have killed 49 in the U.S. this year.

Tornadoes that slammed five states in the U.S. Midwest and South last week may generate as much as $2 billion in claims costs for insurers, risk-modeling firm Eqecat Inc. said.

Tornadoes have killed 49 people in the U.S. this year, according to a statement issued yesterday by Oakland, California-based Eqecat. The tornadoes will probably bring claims of $1 billion to $2 billion, the firm said.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.