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Roundup: Losses from April U.S. Storms

Some insurers have released estimates of the costs they expect to incur from claims related to the tornado outbreak.

Below, the preliminary estimates of some U.S. P&C carriers of their losses following the April outbreak of tornadoes. The Insurance Information Institute says about 700,000 claims have been filed so far.

Allstate: $1.4 billion

Cincinnati Financial: $150 million to $200 million

State Auto: $75 million to $85 million

Unitrin: $65 million to $75 million

Selective: $25 million

Risk modelers' estimates of total losses:

AIR Worldwide: $3.7 billion to $5.5 billion

EQECAT: $2 billion to $5 billion

RMS: up to $6 billion

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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