The weekend's deadly storm outbreak in the Midwest may cost upto $1 billion, says RMS, and could rank as the most expensive ofthe top five catastrophes of its kind to have occurred in Novembersince 1950.
“Sunday's big tornado outbreak is yet another atypical storm ofwhat has been an unusual 2013 severe weather season,” said MatthewNielsen, RMS director and meteorologist in a statement. So far, thethree largest tornado outbreaks of 2013 have occurred in January,October, and November, all outliers of the usual spring/summerpeak.
More than 80 preliminary tornado reports were filed in relationto the storms that killed six people, as well as incidences ofhurricane strength winds, heavy rain, lightning and large hail. Thestorm system affected as many as 10 states, including Illinois,Indiana, Kentucky, Missouri and Michigan.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
