Insurance Services Office in Jersey City said the ice storm thatslammed into the Midwest on Monday has been rated an insurancecatastrophe.
|Gary Kerney, ISO assistant vice president, Property ClaimServices, said”PCS declared a catastrophe for damage from ice andfreezing. The definition pertains to the insured property damage inthe Midwest including Oklahoma, Kansas, Missouri, Nebraska, Iowaand Illinois.”
|ISO rates as catastrophes events which inflict an insured lossof $25 million.
|Oklahoma Gov. Brad Henry yesterday declared a statewide state ofemergency, and more than one million persons in the affected stateswere said to have been without power after the storm hit.
|Insurers in reaction were gearing up to deal with an expectedavalanche of claims.
|Safeco said its claims team members have mobilized in theaffected areas and are surveying damages in order to expedite theclaims process.
|Robert Johnston, Safeco's National Catastrophe Team Leader,said: “There's a wide range of damage spread across severalcommunities. Our goal is to provide immediate support andassistance to our customers when and where they need it.”
|Mr. Kerney at PCS noted that “power outages are still widespreadthrough the region, and we expect claims reporting to pick up inthe days ahead.”
|After the storms hit a half-inch to an inch of ice covered muchof central and northeast Kansas, with one-quarter to one-half inchacross much of the southern half of the state and one-tenth of aninch to a half-inch across northwest Kansas, according to theNational Weather Service.
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