Wednesday, May 28, 2008

Insurance Claims $147 million Storm Damage

"Insurance industry officials say they expect $147 million worth of claims from the deadly tornadoes and hailstorms in northern Colorado last week. The Rocky Mountain Insurance Institute said Tuesday it expects a total of 20,000 claims for damage to homes and cars. State officials say the tornadoes destroyed nearly 80 homes and damaged roughly 770 others. Oscar Manchester, 52, was killed at a campground near Greeley. The Insurance Institute projects property owners will file 8,000 claims from the tornadoes and hailstorms combined, ranging from window damage to homes that were destroyed. The institute projects 12,000 auto claims ranging from hail dents to totaled vehicles. The $147 million estimate would make it the fourth-most-costly storm in state history". ......Insurance Claims