May storms caused millions in losses according to Insurance Institute

CINCINNATI, OH (FOX19) - Preliminary estimates find the series of Ohio storms May 20-26 caused losses totaling $322-400 million for insurance companies. The Ohio Insurance Institute says this is the third costliest natural disaster in Ohio behind the 2008 Hurricane Ike windstorm and the 1974 Xenia tornado-outbreak.

The late May storm produced at least nine confirmed tornadoes, including one in Liberty Township. The Ohio Insurance Institute estimates 68,000-77,000 claims were filed from the storms.

The same storm system also affected 19 states nationally with insurance losses estimated $4-7 billion according to the risk modeling agency AIR Worldwide.

AIR Worldwide estimates national tornado outbreaks in April and May to be the costliest in U.S. history.

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