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| | Two Hundred Tornados In The South Create Thousands Of Claims For Insurers
By Lonce LaMon - April 19, 2011
Last weekend, and possibly continuing on through the rest of this week and up-coming weekend, the South was slammed by over 200 tornados, and will continue to be pounded by more, accompanied by violent rain and hail storms.
The hardest hit areas have been in North Carolina and Virginia. State Farm Insurance Company has already received more that 10,000 claims and hundreds of claims adjusters have been deployed. State Farm stated that a very significant number of homes will be declared uninhabitable. Most of those houses have sustained major structural damage.
Brutal weather that began on April 14th, Thursday of last week, hit Oklahoma, Arkansas, Alabama, Mississippi, North Carolina, South Carolina, and Virginia. 45 people have been killed in these storms.
Livestock were swept up into the air. People marveled and were astonished at their own survival. Residents mourned the dead.
The amazing thing is not that this southern area has been hit with tornados and hail storms at this time of the year. April and May are the usual months for tornados in the South. But, what is amazing is the huge number of them compared to most years: just over this past weekend it was over 200. Usually North Carolina has about 20 tornados in a year, but on Saturday, April 16th, North Carolina had 20 alone all in that one day!
Steve Carroll, the Vice President and General Manager of North Carolina Farm Bureau Insurance Company, stated that homes were lifted off of their foundations and thrown for substantial distances. The company is used to handling damages from one tornado at a time, and one that hits a specific area; but this time there were so many of them and they were all over the place. It was and will continue to be overwhelming.
North Carolina Farm Bureau Insurance Company has so far received 2,700 home, auto, farm and commercial claims. These losses, so far, are estimated at around $21,000,000, but the expectation is that the numbers and losses will increase by four to an estimated 10,000 claims and $100,000,000 in insured losses.
Nationwide Insurance Company, another carrier which does substantial underwriting of personal lines in the South, has taken 2,000 home and auto claims in North Carolina alone as of today, April 19th. Claims counts for Nationwide are expected to rise significantly.
The carriers that are the top personal lines writers in North Carolina are Nationwide, State Farm, North Carolina Farm Bureau Insurance, Allstate, Berkshire Hathaway and USAA.
lonce@adjustercom.com
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