INSURANCE INDUSTRY TAKES ANOTHER HIT

The tornado that hit Oklahoma last Saturday will add to the list of claims against the beleaguered United States insurance industry.

Insurers are already staggering after a string of natural disasters. The A. M. Best Company estimated that the mid-March blizzard that struck the East Coast will cost insurers $1.5 billion.

Costs from the March storm exceeded previous estimates. Insurers will also pay $510 million for World Trade Center bombing damages. Hail and wind storms in Texas and Kansas last month caused $125 million and $35 million in damages.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK