Lack of hail damage contributes to KCC’s $3bn tornado figure
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Lack of hail damage contributes to KCC’s $3bn tornado figure

Edwardsville, United States. 11th Dec, 2021. Twisted metal and chunks of concrete crushing vehicles, are all that is left of the Amazon Hub in Edwardsville, Illinois on Saturday, December 11, 2021. A powerful tornado on Friday, December 10, 2021, leveled
Photo: Alamy

Karen Clark & Company (KCC) has said the lack of hail damage from the 10 December US tornadoes and their path through smaller townships contributed to the direction of its initial $3bn loss estimate for the disaster.

The firm earlier today released the first official loss estimate for the disaster, including the 200-mile-long quad-state tornado.

Early on after the event, market sources had used a wide range of low billions up to around $8bn or higher to...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article