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Candle factory tornado loss of $50mn will hit AIG, Swiss Re and Everest

A drone picture of the Mayfield Consumer Products candle factory in the aftermath of a tornado in Mayfield, Kentucky, U.S. December 15, 2021. Picture taken with a drone. REUTERS/Adrees Latif
Photo: Alamy Stock Photo

The Mayfield Consumer Products candle factory destroyed by the quad-state tornado is expected to generate a $50mn full-limit loss, and receive payouts from a group of insurance companies that includes AIG’s Lexington unit, Everest Re, and Swiss Re, this publication understands.

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