Tornado damage to reach $2bn
Published 06/05/2011 | 05:00
Damage from Alabama's deadly tornadoes could approach the state's record of $2bn (€1.4bn) from Hurricane Ivan in 2004, Alabama's insurance commissioner revealed yesterday.
Jim Ridling said estimates put the damage across the south at $2bn to $5bn (€3.4bn). He said Alabama's numbers wouldn't be available for a few days but he expects them to exceed the $1bn (€688.3m) in damage to insured property during Hurricane Katrina in 2004 and approach the $2bn in damage during Ivan in 2004.
Alabama Governor Robert Bentley said state officials learned that about 70 to 75pc of Alabama's homeowners were insured for their losses. For those who are not, help is available through the Federal Emergency Management Agency.
Alabama has 38 of its 67 counties declared as disaster areas.