Estimated Insured Losses From Midwest Tornado Outbreak: $1B+ (Reinsurance News)

Estimated Insured Losses From Midwest Tornado Outbreak: $1B+

  Thursday, December 16th, 2021 Source: Reinsurance News

Analysts at CoreLogic have estimated that the reconstruction value of residential buildings that were potentially destroyed in states hit by the recent series of tornados is $3.67 billion, with insured losses likely to exceed $1 billion.

Last Friday, devastating tornadoes broke out across the states of Arkansas, Illinois, Kentucky, Mississippi, Missouri, and Tennessee.

The largest cities impacted by these tornadoes included Mayfield and Bowling Green in Kentucky, which is the state where the bulk of insured losses are expected to be recorded.

The most destructive storm tracked from Northeast Arkansas, through the Missouri Bootheel, across far Northwest Tennessee and through Central Kentucky spawning at least one long-tracked deadly tornado.

This tornado spanned nearly the entire path of the storm itself, over 250 miles leaving utter devastation in its path.

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