US tornadoes still causing deaths and wide spread property damage
Last Friday, I posted an article (see http://www.allanmanning.com/?p=651) on the tornadoes that have gone through the Midwest of the United States on 28/29 February that killed 13 people and caused wide spread damage. More have now hit.
The latest storms hit central and southern regions of the United States, spawning more than 100 tornadoes that killed at least 39 people and caused widespread property damage. The National Weather Service NWS) has reported a preliminary estimate of 127 tornados in eleven states
(Alabama, Georgia, Florida, Illinois, Indiana, Kentucky, Mississippi, North Carolina, Ohio, Tennessee and Virginia).
More than 700 strong wind and hail vents were also reported by the NWS, causing widespread damage and disruption rom the Midwest to the Gulf of Mexico. The latest reports suggest the states of Indiana, Kentucky and Ohio were particularly badly hit.
Severe property losses in the US continue to be a determinant of reinsurance premiums which in turn effect the premium rates in our part of the world and hence my interest in such events and why I share them with you.