Storms Wreak $700 Million Loss
Friday, May 24th, 2002 PropertyTornadoes and thunderstorms that ripped through 17 states and did their most damage in Midwest and Mid-Atlantic areas from April 27 to May 3 caused an estimated $700 million in insured property losses, ISO said today. The calculation came from the Property Claim Services unit of the Insurance Services Office, Inc., based in Jersey City, N.J. Tennessee and Virginia tied as worst-affected states, each sustaining $120 million in insured property damage, followed by Maryland at $115 million, ISO said. Insurer losses from the tornado that smashed La Plata, Md. and leveled the center of the town of 5,800 people alone totaled nearly $25 million. Kentucky, at $95 million, and Ohio, at $70 million, followed Tennessee, Virginia and Maryland in insured property losses, ISO said.
