WASHINGTON — Losses from the deadly burst of tornados that swept the US south and midwest late last month could hit as much as $7 billion, a company which estimates catastrophe damages said Monday.
Insured losses from the massive twister that killed a record 138 people in Joplin, Missouri, on May 22, and 150 other tornados that struck during May 20-27, are likely to run $4-7 billion, AIR Worldwide estimated.
The losses include residential, commercial, and industrial properties and their contents, and automobiles, Boston-based AIR said.