Insurers paid at least $2.2B for tornado claims

The Alabama Department of Insurance said insurers have paid at least $2.2 billion in claims arising from the April tornado outbreak in Alabama, and more than 2,500 claims are still pending eight months after the storms.

According to the Birmingham News, the figures include amounts that insurance companies regulated by the state have paid for homes, cars, businesses and other property damaged on April 27.

The figures do not include claims paid by companies such as Lloyd's of London, which insure some Alabama property but are not regulated by the state.

Source: http://feeds.bizjournals.com/~r/bizj_birmingham/~3/-b6c6cIn9Ec/tornado-claims-paid-insurers-least-22b.html

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