Home Breadcrumb caret News Breadcrumb caret Industry EQECAT estimates U.S. tornadoes cost insurers between $1 billion and $2 billion EQECAT has estimated insured damage of between $1 billion and $2 billion arising from the tornadoes that tore through the United States Midwest over a four-day period in early March. The catastrophe modeller says a preliminary count of more than 150 tornadoes touched down in two distinct systems between Feb. 28 and March 3. The […] By Canadian Underwriter, | March 6, 2012 | Last updated on October 30, 2024 1 min read Plus Icon Image EQECAT has estimated insured damage of between $1 billion and $2 billion arising from the tornadoes that tore through the United States Midwest over a four-day period in early March. The catastrophe modeller says a preliminary count of more than 150 tornadoes touched down in two distinct systems between Feb. 28 and March 3. The majority occurred in Tennessee, Kentucky, Indiana, Illinois and Alabama. Tornado activity for the year is well above average. Thus far in 2012, there have been 272 tornadoes. In contrast, the seven-year (2005-11) average of tornadoes over the same period (Jan. 1 to Mar. 4) is 123, EQECAT reported. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
