Live Insurance News

Tornado Outbreak in the Midwest Leaves Devastation in Its Wake

March 18, 2025March 18, 2025 Marc

The Human Cost of Tornado Devastation Over the course of three harrowing days, a series of tornadoes tore across nine states in the Midwest and South, leaving heartbreak and destruction in their wake. The storm system, which spawned over 50 tornadoes ranging in strength from EF-2 to EF-4, claimed more than 40 lives. Communities—from small towns in Missouri to remote hamlets in Mississippi—are now grappling with the aftermath of this natural disaster. Among the hardest-hit areas was Mississippi, where an EF-3 tornado tore through the small community of Plantersville. Winds…

Tornado insurance claims from Mississippi approaching $100 million

April 24, 2023April 22, 2023 Marc

The twister in March left a lengthy path of destruction through several parts of the state. The tornado insurance losses from the twister that ripped through parts of Mississippi in March are rapidly climbing, to the point that they are now nearing $100 million. Uninsured losses from the damage are expected to be even greater than those that are covered. The Mississippi Delta experienced particular damage from the storm, and it is among the poorest regions of the United States. As a result, tornado insurance coverage in the area hardest…

Allstate offers tornado damage assessment advice to homeowners

July 27, 2017July 26, 2017 Logan B.

The insurance company has been issuing advice to homeowners in areas where twisters have touched down. Following a twister that touched down in Maryland, along the state’s Eastern Shore, Allstate has been providing tornado damage assessment recommendations to residents of the area. The insurance company is providing tips to homeowners to help them to know whether or not their properties were damaged by a tornado and, if so, where and to what extent. Allstate pointed out that homeowners should be very careful when returning to their properties after dangerous weather.…

Tornado insurance tips to help victims of damage

May 5, 2017May 3, 2017 Marc

Adjusters released a number of recommendations to homeowners affected by last week’s storms. Last weekend hundreds of homes were hit by an EF1 tornado and throughout this week, tornado insurance adjusters have been dispatched. They’ve been visiting the affected areas of South Carolina and Louisiana. As insurance companies do their best to assist the victims of the storms, they have also issued advice. The tornado insurance adjusters have made a number of recommendations to homeowners still waiting for their damage to be assessed. As many of the homeowners don’t know…

Tornadoes in Georgia cause $6 million in losses for the homeowners insurance sector

October 23, 2014October 21, 2014 Logan B.

Several tornadoes have struck Georgia, causing significant damage in some parts of the state Six tornadoes struck Georgia early last week, five of which hit the metro Atlanta area. These tornadoes generated thousands of homeowners insurance claims and insurance adjusters were deployed to the affected areas in order to help assess t he damage that was caused. According to Insurance Commissioner Ralph Hudgens, more than $6 million in insured losses were caused by the six tornadoes. Most of the damage caused by these disasters was to homes and vehicles. Homeowners…

Hail damage claims in Colorado cause insurance companies to brace themselves

May 29, 2014May 27, 2014 H. Cutner

As this year proves to be another in which tornadoes and other storms will be damaging, insurers are preparing. Property insurance companies are getting ready for the wave of claims that they are expecting from the tornadoes and hail damage that have resulted from the recent storms in Colorado. Insurers believe that the totals for the claims could be quite significant, and they are bracing for it. At the time that this article was written, no estimates had yet been compiled. However, the Rocky Mountain Insurance Information Association executive director,…

Insurance industry feels financial impact of Oklahoma tornados

August 13, 2013August 10, 2013 Marc

Oklahoma tornado damage - homeowners insurance industry

Insurance industry sees payments top $1 billion The Oklahoma Department of Insurance has released the financial information concerning a powerful tornado outbreak that struck the state in May of this year. The information suggests that the tornado outbreak may be one of the most costly natural disasters in the state’s history. Insurance Commissioner John Doak claims that the financial impact of these tornadoes is staggering and notes that the rebuilding effort for communities stuck by tornadoes has only just begun. The cost of these disasters could have a significant impact…