insurers News

Insurers Could Pay $2B for Joplin, Mo. Tornado

Insurance companies already have paid out more than $500 million in claims for the May 22 tornado that struck Joplin, Missouri. But the final total could grow to three or four times that amount. The state insurance department said on …

Top 5 Items Claimed by Property Insureds

Electronics, jewelry, furniture, apparel, and home goods are among the top five items claimed, according to the findings of the Contents Claim Index (CCI) released by Enservio, a web based software and services provider for property contents claims processing. The …

Insurers Receive Hundreds of Tornado Claims in Virginia

Property owners in Virginia have submitted hundreds of claims to insurers for damage caused by recent tornadoes. The Virginian-Pilot reports that State Farm Mutual Automobile Insurance Co. received about 400 claims by Wednesday morning. Nationwide Mutual Insurance Co. received 130 …