The destructive storm system that pummeled the Midwest on Nov. 17 with lightning, hail, high winds and heavy rain may carry a price tag of up to $1 billion, according to Risk Management Solutions. Additionally, the storm could rank as the most expensive of the top five catastrophes of its kind to have occurred in November since 1950.
State Farm spokeswoman Holly Anderson said the insurer had received 1,800 homeowners claims in Illinois, 1,200 in Idaho and 600 in Michigan in the three days following the disaster. The Storm Prediction Center (SPC) registered 67 tornado touchdowns in several states, as well as straight-line winds of more than 85 mph and baseball-sized hail. Six people were killed, including at least five in Illinois.
“This is very unusual for this time of year,” Jeff Ormond, Allstate spokesperson for the insurer's regional office overseeing Ohio, Michigan and Indiana, tells NU. “Usually the region would see [such] weather in the warmer months of May through September. We did have tornadoes in Henryville, Ind. and Dexter, Mich. in March 2012, which was very unusual at that time, too.”
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