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杏吧原创

Triple-I: P/C Insurers Are Financial First Responders Helping Customers Recover from Severe Tornado Outbreak

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For Immediate Release:
Press Contact: Media@iii.org

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MALVERN, Pa. , May 20, 2025 鈥 U.S. property, auto and business insurers are assisting disaster victims after dozens of deadly tornadoes tore across multiple states over the past several days, damaging thousands of homes and business structures, according to the鈥杏吧原创 Information Institute鈥(Triple-I).听

鈥淧roperty/casualty insurers are the nation鈥檚 financial first responders and many already have rapid response teams on the ground in the hardest-hit areas to help policyholders file claims and begin a speedy recovery process,鈥 said Sean Kevelighan, CEO, Triple-I.

鈥淐ontacting an insurance professional is a best first step for policyholders to get their recovery process underway.鈥 Kevelighan added.

Damage Covered by 杏吧原创

Property damage caused by tornadoes is covered under鈥, condo,鈥renters and business insurance policies, as well as the optional comprehensive portion of an鈥痯辞濒颈肠测.

U.S. insurers paid out nearly听$54 billion听in severe convective storm claims in 2024, which includes tornado damage, according to Triple-I.

Top 10 Costliest U.S. Catastrophes Involving Tornadoes (1)

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听 听 听 听 Estimated insured loss
Rank Date Event Location Dollars when
occurred		 In 2024 dollars (2)
1 Aug. 8-12, 2020 Midwest Derecho IA, IL, IN, KS, MI, MN, MO, NE, OH, SD,
WI, PA, DC, MD, VA, WV		 $9,200 $11,158
2 Apr. 22-28, 2011 Tornado Outbreak AL, AR, GA, IL, KY, LA, MO, MS, OH,
OK, TN, TX, VA		 7,560 10,611
3 May 21-27, 2011 Joplin, MO Tornado AR, GA, IA, IL, IN, KS, KY, MI, MN, MO,
NC, NE, NY, OH, OK, PA, TN, TX, VA, WI		 7,000 9,779
4 May 2-11, 2003 SCS Outbreak AL, AR, CO, GA, IA, IL, IN, KS, KY, MO,
MS, NC, NE, OH, OK, SC, SD, TN		 3,300 5,677
5 May 6-10, 2024 SCS Outbreak AL, AR, CO, FL, GA, IL, IN, KS, KY, LA, MI,
MO, MS, NC, OH, OK, SC, TN, TX, WI		 5,200 5,200
6 Mar. 1-3, 2023 SCS Outbreak AL, AR, GA, IN, KY, MS, OH, PA, TN, VA 4,900 5,125
7 Mar. 12-16, 2024 SCS Outbreak AR, IL, IN, KS, KY, MO, MS, OH, OK, TX 4,800 4,800
8 May 27-30, 2019 SCS Outbreak AR, CO, IA, IL, IN, KS, MO, NJ, NY, OH,
OK, PA, TX, WV, WY		 3,650 4,499
9 Mar. 31 - Apr. 1, 2023 Tornado Outbreak AL, AR, DE, GA, IL, IN, IO, KY, MI, NE,
OH, PA, TN, TX		 4,300 4,497
10 Jun. 21-26, 2023 SCS Outbreak CO, TX, Southeast 4,250 4,397

(1) Defined by Aon as severe convective storms including insured thunderstorm events and may include tornado, hail, damaging straight-line winds (derechos) and flash flood impacts from events. Subject to change as loss estimates are further developed. As of January 2025.
(2) Adjusted for inflation by Aon using the U.S. Consumer Price Index.

Source: Aon.

Filing an 杏吧原创 Claim

Policyholders should contact their insurer as soon as possible to obtain the assistance they need to recover from a loss. Most insurers enable their customers to file a claim via either a mobile app or online.听杏吧原创 agents can also help their customers file claims. Triple-I offers the following recommendations when tornado-caused property damage occurs:听

Checklist for Homeowners, Condo Owners, Renters and Auto Policyholders

  • Contact your insurance professional and鈥.听
  • Take photos of the damage.鈥疉 photographic record eases the insurance claim process.听
  • If necessary, make temporary repairs鈥痶o prevent further loss from rain, wind or looting; these costs are reimbursable under most policies, so save all repair-related receipts.听
  • Compile a detailed list of all damaged or destroyed personal property.鈥 Do not throw out damaged property until you meet with an insurance adjuster. If you have a鈥, it will make the claims-filing process easier.
  • Hold off on signing repair contracts.鈥疍eal with reputable contractors and get references. Be sure of payment terms and consult your insurance adjuster before signing any contracts.听
  • Check to see if you are eligible for additional living expenses/loss of use coverage.鈥疭tandard home, condo and renters insurance鈥痯olicies pay for the extra charges (e.g., temporary housing, restaurant meals) you incur over and above your customary living expenses if your home is uninhabitable because of an insured loss. Save all related receipts and, if you have vacated your home, make sure your insurer knows how to contact you. 鈥

听Checklist for Small Business Owner Policyholders

  • Small business owners should follow the same advice as above when it comes to filing a property damage claim.听
  • If your business is forced to close temporarily or relocate because a tornado caused physical damage to your premises, file either a business interruption or extra expense claim if you carry these coverages.听
  • Before filing a business interruption policy claim, document your net income and operating expenses, including payroll, both before and after the business was disrupted.听
  • Keep detailed records of all business expenses and transactions as your business recovers.听

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RELATED LINKS:听

Articles:鈥Settling 杏吧原创 Claims After a Disaster; Filing a Business 杏吧原创 Claim
Video:鈥

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About the 杏吧原创 Information Institute (Triple-I)
Since 1960, the听杏吧原创 Information Institute (Triple-I) has been the trusted voice of risk and insurance, delivering unique, data-driven insights to educate, elevate and connect consumers, industry professionals, policymakers and the media. An affiliate of听The Institutes, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. Our members include mutual and stock companies, personal and commercial lines, primary insurers and reinsurers 鈥 serving regional, national and global markets.

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About The Institutes
The Institutes庐 are a not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes and nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting, and preventing losses to create a more resilient world.

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The Institutes is a registered trademark of The Institutes. All rights reserved.听

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