The Birmingham News, reported recently that insurers have paid out at least $2.2 billion in claims from a tornado that struck last April 27th, and said there are still over 2,500 claims pending.
Those numbers are from the Alabama Department of Insurance, and include amounts that state-regulated insurance companies have paid for damage to businesses, cars, homes, and other property, but does not include any claims that were paid by insurers such as Lloyd’s of London that have policies in Alabama but are not subject to state regulation.
State authorities say that if every claim was resolved and tallied, the total would probably be near $3 billion, which, according to State Insurance Commissioner Jim Riding, falls within estimates his department has seen.