Recent storms keep insurance companies busy

By: KKCO Email
By: KKCO Email
It

Tornado spotted 2 miles north of Roseland.

It's shaping up to be a busy week for insurance companies across the state.

Claims are starting to roll in from the recent wild weather.

Damage from tornadoes and hail storms over the past 8 days is estimated at $161 million.

State Farm's Catastrophe Unit is busy processing hundreds of claims a day in a parking lot on the Front Range.

There is something a bit historic about the past few days, this has become the fifth costliest set of storms in Colorado for insurance companies ever.

Fourth was the Windsor tornado last year, third was an October 1994 hail storm, second was a pair of storms in June of 1984, and first was a monster storm in July 1990.

In today's dollars, that storm did nearly a billion dollars in damage.

According to Colorado's Insurance Association, most of the damage for the most recent set of storms came from hail that pounded cars and homes.

The association reports there have been 21,000 auto claims and 13,000 homeowner claims.


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