Tornadoes

Insured losses from the tornadoes, hail and high winds that struck in late February and early March may climb into the $1 billion to $2 billion range, according to catastrophe risk modeling firm EQECAT.

It is estimated that more than 150 tornadoes touched down in two distinct systems between Feb. 28 and March 3, EQECAT said.

At least 13 states were affected by the storms.

Many of the tornadoes have been rated EF3 on the Enhanced Fujita Scale, according to Risk Management Solutions (RMS).