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US Midwest tornado losses up to $2bn estimates Eqecat

6 March 2012

The flurry of over 150 tornadoes that touched down in a number of US Midwest states last week could cause insured losses of up to $2bn, according to modeling agency Eqecat.

The tornadoes which struck between 28 February and 3 March, predominantly in Tennessee, Kentucky, Indiana, Illinois, and Alabama may cost insurers between $1bn and $2bn, said Eqecat, adding that the numbers were not final.

Eqecat warned that after an "unusually strong" extra-tropical cyclone generated more tornadoes in two days...

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