April's stormy weather hard on Ohio insurance companies
April will likely be known as one of the most active and destructive months for severe weather in US history. What may come as a surprise is that Ohio sustained a sizeable share of insured losses from two separate April storm events.
Preliminary losses in Ohio from the pair of storms are estimated at over $123 million from 23,600 claims. April 19-20 high winds, tornadoes and hail in Ohio caused at least $43 million in insured losses, according to the Ohio Insurance Institute (OII) with over 8,100 claims filed to-date.
Just two days later, the April 22-28 outbreak affecting Ohio along with a dozen other states caused at least $80 million in insured losses with 15,500 claims statewide, according to preliminary estimates from Property Claim Services.
Storm loss estimates don’t include flood insurance-related losses.
- Jeffrey L. Frischkorn