The rare weather event of tornadoes touching down in New York City produced no significant insurance losses, according to industry experts.
A representative from Property Claim Services, a subsidiary of Insurance Services Office, Inc. says the tornadoes “have not been designated as a catastrophe event.”
A catastrophe is defined by ISO as an event that causes $25 million or more in insured property losses and affects a significant number of property and casualty policyholders and insurers.
Risk Management Services says a powerful cold front on Saturday brought strong winds and heavy rains through parts of the Northeast and Mid-Atlantic, producing two tornadoes that struck New York City.
The National Oceanic and Atmospheric Administration Storm Prediction Center reported an EF1 tornado hit Breezy Point, Queens, causing an isolated case of structural damage. A second tornado hit Canarsie, Brooklyn, damaging several homes.
No fatalities were reported and only minor injuries.
The storm also interrupted play at the U.S. Open Tennis Championship in Flushing Meadows, Queens.
RMS says strong winds were reported throughout the region from North Carolina to Maine, causing tree fall and downed power lines. Around 125,000 homes and businesses lost power across the affected areas—utility companies indicated that the majority of affected customers had power restored within 24 hours.
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