Alabama Insurance Claims for Tornadoes Top $2 Billion

 Tuesday, January 3, 2012

 Insurance Journal

Insurers have paid at least $2.2 billion claims arising from the April tornado outbreak in Alabama, authorities said. More than 2,500 claims are still pending eight months after the storms, The Birmingham News reported. The figures, from the Alabama Department of Insurance, include amounts that insurance firms regulated by the state have paid for homes, cars, businesses and other property damaged on April 27. They do not include claims paid by surplus lines companies such as Lloyd’s of London that insure some Alabama property but are not regulated by the state.