Last year, West Virginia racked up $53 million in insurance claims, a $20 million increase from the previous year. The West Virginia Board of Risk and Insurance Management’s claims expenses, ending on June 30 of this year, were in large part due to 175 jail and prison inmate lawsuits as well as a windstorm that swept through the state on June 29, 2012.
According to the Insurance Journal and the Charlestown Gazette, the storm that caused the large number of insurance claims for West Virginia raged through most of the state’s 55 counties. It caused damage to a number of government properties. The windstorm adversely affected public buildings as well as multiple state parks. The parks not only sustained damage in the storm but also lost significant amounts of revenue because the windstorm struck just days before the Fourth of July holiday.
About $4 million in windstorm insurance claims were submitted by municipalities across the state in the wake of the storm.
The storm, called a derecho, brought extreme high winds to the state. It caused three fatalities and took power from an estimated 680,000 customers.
State officials stressed that despite the uptick in insurance claims during the last fiscal year, BRIM remains fiscally sound because they expect upswings in claims in certain years.
Windstorms can cause significant damage for residential homes, commercial properties, and government properties. It is key that your insurance claims are paid swiftly, fully, and properly. To speak with a governmental insurance claim attorney today, please contact Voss Law Firm by calling 888-614-7730.