Insurance Claims from Recent Tornadoes May Top $1B

March came in like a very large and powerful lion, spawning severe weather across the Midwest, interior south and southeast United States. Insured losses from the tornadoes, hail and high winds that struck in late February and early March may climb into the $1 billion to $2 billion range, according to catastrophe risk modeling firm EQECAT. It is estimated that more than 150 tornadoes touched down in two distinct systems between February 28 and March 3, with the majority occurring in Alabama, Kentucky, Illinois, Indiana and Tennessee, according to EQECAT.