Tornado insurance claims from Mississippi approaching $100 million

Tornado insurance - Tornado near home

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…

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State agency seeks to provide guidance on homeowners insurance issues

Illinois homeowners Insurance

Homeowners insurance confusion could be a problem for Illinois residents A powerful tornado swept through Illinois earlier this week, leaving a path of destruction in its wake. The city of Washington was one of those that suffered most from the natural disaster, which destroyed more than 500 homes and damaged property throughout the entirety of the city. The devastating event has caused some confusion concerning homeowners insurance and natural disasters, which has spurred the Illinois Department of Insurance to take action. Agency to provide one-on-one counseling sessions for disaster victims…

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