Storms that spawned deadly tornadoes in the South from April 19 to April 27 are expected to cause between $2 billion and $5 billion in insured losses, according to modeling firm EQECAT.
Reports indicate the number of destroyed buildings is approaching 10,000 from more than 350 reported tornadoes, adds EQECAT.
Modeler AIR Worldwide says the tornado outbreak is similar to one in April 1974, which killed 310 people. A tornado in Alabama on April 27 killed about 200 people. The National Weather Service put a preliminary rating of EF5—the highest rating—on the twister, which hit Tuscaloosa, Ala. Deaths from tornadoes were also recorded in Mississippi, Tennessee, Georgia, Virginia, Arkansas and Kentucky.
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