NU Online News Service, May 31, 11:03 a.m. EDT

State Farm Spring Cat LossesState Farm’s claims payments through May eclipsed $2.5 billion as payments to policyholders affected by April’s harsh weather approaches $1 billion.

The company says it doled out nearly $916 million in claims payments as claims from recent destructive storms and tornadoes in Joplin, Mo., Oklahoma and Texas continue to be processed.

The “unprecedented succession of horrible weather and horrific losses” can be characterized as akin to a “spring hurricane” for the insurer, says Brian Boyden, State Farm executive vice president, in a statement.

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