TITLE

INSURED TORNADO LOSSES MAY REACH $5 BILLION

AUTHOR(S)
TSIKOUDAKIS, MIKE
PUB. DATE
June 2013
SOURCE
Business Insurance;6/3/2013, Vol. 47 Issue 11, p0001
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the insured losses from several tornadoes that hit 10 states across the U.S. Midwest and the Plains as of June 3, 2013. Industry experts say that the costs were not high enough to cause price increases in the U.S. commercial property insurance market. It highlights the possibility of long-lasting business interruption coverage issues.
ACCESSION #
88073572

 

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