Severe tornadoes in several southern states helped push insured catastrophe losses to more than $1.22 billion during the first quarter of 2007, according to ISO's Property Claim Services (PCS) unit.
PCS also estimated that the four winter storms and three severe weather events produced nearly 204,000 claims in 18 states, ranging from California to Florida during the period.
The quarter's costliest event occurred in early March, when tornadoes raked areas of Alabama and Georgia. PCS said that while the damage from this harsh weather outbreak cost insurers more than $450 million, a more serious impact was the loss of life associated with the severe tornado activity in areas such as Enterprise, Alabama, and Americus, Georgia.
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