Quad-state tornadoes a ‘dampener’ on insurance profits: AM Best
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Quad-state tornadoes a ‘dampener’ on insurance profits: AM Best

Fiona Robertson
14 December 2021
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Dec 2021 tornado damage 3 2HA9MTK.jpg

Further industry reports on the quad-state tornadoes have underscored they will be a manageable loss but one that places further emphasis on surprise elements of secondary peril events.

AM Best said losses would be an earnings event, spread out among insurers due to a lack of concentration in the Kentucky insurance market that would be hardest hit by the disasters.

“Despite

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