I.I.I. Doubles Storm Loss Estimates
Wednesday, May 14th, 2003 PropertyEstimates on the damage from tornadoes that have ravaged the Midwest over the last two weeks have doubled to close to $1 billion, making it possibly one of the worst storm events in history, according to the Insurance Information Institute Inc. Loretta L. Worters, vice president of communications, said the New York City-based Institute will more than double its figures of last week where it estimated $325 million for the first week of storm damage alone. The series of tornadoes hit the Midwest and South, destroying thousands of homes and taking at least 40 lives in its wake. A series of storm fronts, beginning May 2, hit Kansas, Missouri and Oklahoma particularly hard, destroying homes and businesses. Some towns were completely destroyed and may never be rebuilt.
