U.S. Insurers To Cover Hundreds Of Millions Of Dollars In Damage For February Storms, Tornadoes

 Thursday, March 10, 2016

 Bloomberg Business

Losses from severe storms and tornadoes that struck much of the U.S. in February could amount to more than $1 billion, including hundreds of millions of dollars of damages that will probably be covered by insurers, Aon Plc said. The U.S. suffered the most February tornadoes since 2008, with storms hitting the Plains, Midwest, Southeast, Mid-Atlantic and Northeast, the London-based insurance broker said Tuesday in a report. Heavy snow, ice and hail also caused wreckage across the country.