Ohio February Winter Storm weaker-than-expected losses
According to preliminary estimates of February, snowstorms and ice that hammered the 16 states of Mid-Atlantic New England causes less than $ 20 million of insured damage in Ohio, Ohio Insurance Institute (OII).
Reported losses to-date-Updated $ 17.5 million, considerably lower than other snowstorms in Ohio to be taken during the last ten years. OII expects that the final census of insured and claims for damage to his superior, although it can not reach disaster levels. A disaster in terms of insurance, is an event which has the effect that over 25 million dollars in property damage and provided an impact on several insurers.
Twenty-nine properties / Accident Insurance companies reported the loss of their information to the OII. Compared to these companies receivables, are rich with a handful of about 1300 Insured loss estimates
ranging from $ 6,000 to approximately $ 2.5 million.
OII loss storm, estimates of the system by the State as a President’s Day weekend of February 14 and a storm of the following week. According to the results of an investigation, insurance companies are at least 6900 insurance reports of damage caused by storms.
The survey participants represent approximately 55 percent of commercial lines of state and market about 74 percent of homeowners in Ohio and the personnel and auto insurance markets OII by President Daniel J. Klesko. OII loss provided for the development of additional reports to roll, Klesko said.
On the self-assurance on this page, a few claims a car, as usual expects a storm of this size. More than 36 percent of requests for investigation of the OII, were damaged or for a total number of vehicles. The loss of personal car online are currently almost 2500 requests $ 6 million. The losses covering 136 applications, according to current estimates, slightly below $ 1 million.
The greatest strength of hurricane came to the President’s Day holiday. Early warning by the National Weather Service unless auto-related claims. Schools and some state-owned enterprises and local governments have been more difficult Ohio’s Snow Day, so that fewer Ohioans it was necessary Venture.
Fifteen to 20 centimetres of snow, there were some parts of the country, while the collections thick ice have been buried under several inches of snow in southern Ohio.
On 4 March Dir Bob Taft announced that the federal government tries to disaster for 15 counties in Ohio, is found mostly in the southern part of the state. Ohio and the Federal Republic and emergency management agencies U.S. Small Business Administration surveyed damage in southern Ohio, a preliminary assessment of $ 17 million in disaster costs.
These costs include snow and debris to remove emergency measures to avoid losses and utilities repair. The agencies found more than 300 homes and businesses damaged or destroyed, either in six districts.
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