The Star Beacon; Ashtabula, Ohio

World, nation, state

April 14, 2013

Losses from Ohio summer storms higher than initial estimate

COLUMBUS — Updated data indicates insured losses from storms that socked Ohio in late June and early July totaled $845 million in the state, or nearly double the initial estimate released by an insurance industry trade group.

The series of storms between June 29 and July 2 still ranks third among the costliest Ohio catastrophes in modern history in terms of insured losses, according to the Ohio Insurance Institute. The Hurricane Ike windstorm in September 2008 tops the list with insured losses of more than $1.2 billion, and the Xenia tornado outbreak in 1974 ranks second.

Based on its initial claims survey, the institute had estimated insurance claims from the storms last summer would total at least $433 million. That didn’t include the $29 million in damage to infrastructure and cleanup costs reported by more than three dozen affected Ohio counties.

The updated estimate of $845 million from more than 145,000 claims is based on more recent information from Property Claim Services, a unit of an analytics company that collects data about the extent of disasters for insurers.

Property Claim Services gathers more detailed information from more insurance companies than are included in the Ohio Insurance Institute surveys, providing a broader view, said Mitch Wilson, an OII spokesman.

“It’s probably going to be a better snapshot of what’s going on,” he said.

The June 29 “derecho” straight-line storm tore across the Midwest and mid-Atlantic regions with little warning and winds gusts of up to 100 mph, and a million customers in Ohio lost power, some of them for up to a week amid the summer heat. Two days later, another line of severe storms rolled through the state, causing another round of significant power outages.

President Barack Obama declared a major disaster in Ohio and ordered federal aid for areas affected by the storms, allowing federal aid to be used to repair and replace damaged facilities in affected counties.

 

1
Text Only
World, nation, state
  • Study finds 35 percent in U.S. facing debt collectors

    More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

    July 30, 2014

  • U.S. blasts Israel for Kerry criticism

    The Obama administration pushed back strongly Monday at a torrent of Israeli criticism over Secretary of State John Kerry’s latest bid to secure a cease-fire with Hamas, accusing some in Israel of launching a “misinformation campaign” against the top American diplomat.

    July 29, 2014

  • Outlook on Medicare finances improves

    Medicare’s finances are looking brighter, the government said Monday. The program’s giant hospital trust fund won’t be exhausted until 2030 — four years later than last year’s estimate.

    July 29, 2014

  • Plan to simplify 2015 health renewals may backfire

    If you have health insurance on your job, you probably don’t give much thought to each year’s renewal. But make the same assumption in one of the new health law plans, and it could lead to costly surprises.

    July 28, 2014

  • Hospital shooting suspect charged with murder

    A man accused of fatally shooting his caseworker and grazing his psychiatrist at a suburban Philadelphia hospital complex before the doctor returned fire has been charged with murder.

    July 28, 2014

  • Man seeks video of Oklahoma City bombing

    One man’s quest to explain his brother’s mysterious jail cell death 19 years ago has rekindled long-dormant questions about whether others were involved in the 1995 Oklahoma City bombing.

    July 28, 2014

  • Bill in Congress to help veterans with PTSD

    A group of lawmakers have joined together to help veterans with Post Traumatic Stress Disorder (PTSD), Post Traumatic Brain Injury (PTBI) and other war injuries get speedy medical treatment — and avoid Veteran’s Administration bureaucracy and Department of Defense lack of accountability.

    July 28, 2014

  • U.S.: Russia has fired rockets into Ukraine

    Stepping up pressure on Moscow, the U.S. on Sunday released satellite images it says show that rockets have been fired from Russia into neighboring eastern Ukraine and that heavy artillery for separatists also has crossed the border.

    July 28, 2014

  • U.S. says Russia is firing across border into Ukraine

    Russia is launching artillery attacks from its soil on Ukrainian troops and preparing to move heavier weaponry across the border, the U.S. and Ukraine charged Friday in what appeared to be an ominous escalation of the crisis.

    July 25, 2014

  • Gaza sides agree to lull but truce efforts stall

     Israel-Hamas fighting looked headed for escalation after U.S. Secretary of State John Kerry failed Friday to broker a weeklong truce as a first step toward a broader deal and Israel’s defense minister warned Israel might soon expand its Gaza ground operation “significantly.”

    July 25, 2014

House Ads
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video