On May 22, a devastating tornado ripped through Joplin, Mo., putting an exclamation point on a spring that has seen deadly and costly storms in several states.

Catastrophe modeler EQECAT estimates between $1 billion and $3 billion in insured losses from the Joplin tornado alone, and other figures are rolling in from insurers regarding storm losses that have occurred from April through to this month.

Most recently, a June 1 storm over Massachusetts spawned tornadoes in the state that, according to the Associated Press, left at least four dead.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.