As State Farm claims representatives continue to work with policyholders in the hardest hit areas that are recovering from catastrophic spring storms, the insurer already paid nearly $916,000,000 in claims from the April storms, a State Farm representative told INN. The total is expected to continue to rise, the representative said.
If categorized as one event, the three most devastating April hailstorms, windstorms and tornadoes would be the seventh most costly homeowners' catastrophe in the company's 90-year history.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access