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AM Best Sees Tornado Losses as Manageable for Insurers
Published December 14, 2021 • Insurance Journal
Analysts at ratings firm AM Best said they expect the insured losses from the tornadoes that devastated central and southern U.S. last weekend will dampen underwriting results for insurers but that insurers will be able to absorb them, even though supply chain and inflation challenges may exacerbate losses.
Photo: Photo: In this photo taken by a drone, buildings are demolished in downtown Mayfield, Ky., on Saturday, Dec. 11, 2021, after a tornado traveled through the region Friday night. A monstrous tornado killed dozens of people in Kentucky and the toll was climbing Saturday after severe weather ripped through at least five states, leaving widespread devastation. (Ryan C. Hermens/Lexington Herald-Leader via AP)