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Deadly U.S. tornadoes to cost insurers about $3 billion- KCC -Breaking

by Mike Robinson

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© Reuters. An accidently damaged vehicle is seen in Mayfield Kentucky in the aftermath of a tornado that struck on December 13, 2021. REUTERS/Adrees Latif

(Reuters) – Catastrophe modeling firm Karen Clark & Company (KCC) said on Tuesday it expects insured losses of about $3 billion from the swarm of tornadoes and severe convective storms that caused destruction in parts of the United States this month.

Estimates for the storms of December 9-December 12 included the 200-mile tornado path that ripped through six U.S. States in the Midwest and South. These tornadoes destroyed homes, leveled businesses, and set off an effort to rescue survivors below the rubble.

According to officials, at least 74% of the victims were in Kentucky when the barrage caused by tornadoes on Monday.

Weather forecasters said that the powerful twisters were unusually strong in colder months. They also demolished a candle factory, as well as fire- and police stations, in Kentucky.

KCC includes private insured damage to homes, businesses, industrial and automotive properties.

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