The tornado season is already off to a destructive and deadly start this year, leading insurance companies are taking another look at the way that they handle and underwrite for the areas in the United States that have the highest risk of these devastating and recurring events. What this may mean, is that homeowners could discover that they are paying rates that are significantly higher than they have in the past, or that they may not be able to find any coverage at all, as insurance companies work to reduce their…
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U.S. Experiences Early Season Severe Thunderstorm and Tornado Outbreak: AIR
According to catastrophe modeling firm AIR Worldwide, just two days after a series of tornadoes caused significant destruction in parts of the Ohio Valley and the Central Plains, a massive storm system on March 2 spawned dozens of tornadoes across 11 states. Preliminary data from the National Weather Service (NWS) indicate that more than 100 tornadoes touched down during this latest violent outbreak. Across the southern Ohio Valley and parts of the Southeast are widespread reports of houses ripped off their foundations, roofs blown off, downed power lines and trees,…
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