Insurers Face ‘A Ton of Work’ After Texas Tornadoes

We read this recently on the Property Casualty 360 website and thought we’d share it with our customers and readers.

NU Online News Service, April 4, 8:20 a.m. EDT

The day after an estimated 18 tornadoes tore through the Dallas-Fort Worth area, throwing tractor-trailers like sticks into the air and peeling roofs from homes, residents and business owners are picking up the pieces.

Mark Hanna, spokesman for the Insurance Council of Texas (ICT), this morning says the insurance industry “has a ton of work ahead of it.”

“It will take a while to assess how bad yesterday was,” he adds. “This is a big insurance event. You’re talking about more than 12 tornadoes in a heavily-populated area of about 7 million people.”

SLIDESHOW: Texas Twisters Rip Through Dallas-Fort Worth Homes

The Red Cross estimates 650 homes were damaged in the Dallas-Fort Worth area on Tuesday. Preliminary reports indicate significant tornado damage to more than 300 homes in Lancaster. There are no reported deaths from the storm system.

Large hail—some the size of tennis balls—pounded vehicles and shattered windows.

State Farm reports about 960 homeowners’ claims and 3,473 auto claims as of this morning. The hardest-hit areas are Dallas and Tarrant Counties, with damage spread across

Continued on PropertyCauslty360

 

 

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