Deadly Tornadoes Create Huge Insured Loss Risk

By Ben Berkowitz BOSTON | Sat Mar 3, 2012 12:32pm EST

(Reuters) – Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on Friday.

Friday’s system has already been compared to the “Super Outbreak” of April 1974, one of the largest and most violent ever recorded in the United States, as well as to a devastating outbreak last April. In total more than 46 people have died this week from violent storms. Full Article at