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Alabama Tornado Claims Could Reach $30 Million

Estimates from catastrophe risk modeling firm EQECAT are that the high winds and tornadoes that hit Alabama on January 23 caused from $15 million to $30 million worth of insured damage to homes and businesses
February 7, 2012

Estimates from catastrophe risk modeling firm EQECAT are that the high winds and tornadoes that hit Alabama on January 23 caused from $15 million to $30 million worth of insured damage to homes and businesses. Ten tornadoes touched down that day. Several of the state's largest insurers brought in extra personnel and deployed mobile units to storm damaged areas. Even though spring is the most active time for tornadoes, twisters in January are not unusual. According to insurer Swiss Re, insured losses nationally for tornado and hail damage last year were $14 billion and insured losses in Alabama alone from the deadly April 27, 2011 outbreak were more than $2.2 billion.

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