A “ring of fire” weather system that took place earlier this month is expected to generate $2.5 billion in insurance claims to residential and commercial properties and automobiles, according to a new report from Karen Clark and Company.
The extreme weather event created damage from hail and wind, and affected most states along the east side of the Rocky Mountains, with the most damage occurring in the Midwest, Northeast and Mid-Atlantic regions.
The report says 12 states — Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, New York, Ohio, Pennsylvania, and Virginia — will likely experience insured losses in excess of $100 million each.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
