Insurers are reporting approximately $440 million in insurance claim losses following severe summer storms that wreaked havoc on parts of Ohio between June 28 and July 4, 2012. This estimate is a preliminary figure from the Ohio Insurance Institute (OII).
The state’s residents saw severe weather over a six-day period, which was connected to about 100,000 insurance claims for property damages. Most of the Ohio property claims were from the following damages:
Straight-line winds of at least 58 mph accompanied the derecho that moved across the state on June 29th.
Baseball-sized hail struck southern Ohio on July 1st in a severe storm.
Wind and hail damaged roofs and gutters as well as siding and windows during these six days.
Additionally, there were prolonged power outages in parts of the state affecting millions of people, which caused damages to homeowners and business owners. These power outages caused business interruption claims and refrigeration losses that also added to the figure for insurance claim damages during this time.
According to OII, if you group the storms together as one single event that took place over the six-day period, it is the eighth major natural disaster to strike Ohio since 2011, and the third costliest insurance event in Ohio history. Only a windstorm caused by Hurricane Ike and the Xenia tornado outbreak were costlier for insured losses.