A system of severe weather moved through multiple Midwest and Eastern states at the end of April. Damaging tornadoes, hail, severe winds and flooding were reported in multiple states.
Farmers Chief Claims Officer Keith Daly reported that more than 2200 customers have filed claims across 16 states. The company estimates that they will see more than 4700 claims at a cost of $50 million as a result of this event.
Claims staff have already closed approximately 850 of the 2200 filed claims.
Source: Farmers Insurance
Was this article valuable?
Here are more articles you may enjoy.
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens
Adani Enterprises Reaches $275 Million Settlement With Treasury
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
Hail to High Variance: Rethinking Test Squares and Roof Damage Assessment