Insurance Information Institute assisting disaster victims after dozens of deadly tornadoes

The Insurance Information Institute has announced that U.S. property, auto, and business insurers are mobilizing to assist disaster victims following a series of deadly tornadoes that recently struck multiple states. This announcement was made in a press release.

According to the Insurance Information Institute (Triple-I), property and casualty insurers are actively working to support those affected by the tornadoes, which have caused significant damage to thousands of homes and businesses. Triple-I CEO Sean Kevelighan said that insurers act as the nation’s financial first responders, with many already deploying rapid response teams to the hardest-hit areas to aid policyholders in filing claims and beginning their recovery process. Policyholders are advised to contact their insurance professionals promptly to initiate the claims process.

In 2024, U.S. insurers paid out nearly $54 billion in claims related to severe convective storms, including tornado damage, as reported by the Insurance Information Institute. This figure highlights the substantial financial impact of such natural disasters on the insurance industry and underscores the importance of adequate coverage for policyholders. The considerable payouts reflect an increasing frequency and severity of severe weather events across the country.

The Insurance Information Institute notes that property damage caused by tornadoes is typically covered under standard homeowners, condo, renters, and business insurance policies, as well as the optional comprehensive portion of an auto insurance policy. Policyholders are encouraged to document damage, make temporary repairs to prevent further loss, and compile detailed lists of damaged or destroyed property to facilitate the claims process. These steps are crucial in ensuring a swift and efficient recovery following tornado-related damages.

The Insurance Information Institute (Triple-I), established in 1960, serves as a trusted source of unique, data-driven insights aimed at educating consumers, industry professionals, policymakers, and the media. As an affiliate of The Institutes, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. The organization is dedicated to improving public understanding of insurance and its essential role in society.