A number of insurance companies are struggling to keep up with claims responding to damage produced by severe storms and tornadoes that struck much of the U.S. in the past week. Several major insurers have racked up more than 12,000 claims and are expected to see more in the coming days and weeks.
State Farm and Nationwide Deal with High Number of Claims
State Farm Mutual Automobile Insurance Co., the largest provider of home and auto insurance, is dealing with claims that have been accumulating for both types of coverage in the wake of massive storms that ravaged much of the U.S. from Oklahoma to the East Coast and claimed the lives of 45 people.
State Farm estimates it has received 7,500 home insurance claims so far. Muc
Full article…