Insured losses from Okla. storms may exceed $1B, Hartwig says

The storms that hit Oklahoma last week might have caused $1 billion or more in insured losses, said Robert Hartwig, president of the Insurance Information Institute. Meanwhile, insured losses across 10 states could amount to as much as $5 billion for storm activity over three days, according to Eqecat. The losses are unlikely to total $6 billion, Hartwig said. "I think a wild card here is how much the commercial losses are and then, ultimately, what business-interruption losses are," he said.

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