Lack of hail damage contributes to KCC’s $3bn tornado figure
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Lack of hail damage contributes to KCC’s $3bn tornado figure

Fiona Robertson
14 December 2021
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Edwardsville, United States. 11th Dec, 2021. Twisted metal and chunks of concrete crushing vehicles, are all that is left of the Amazon Hub in Edwardsville, Illinois on Saturday, December 11, 2021. A powerful tornado on Friday, December 10, 2021, leveled
Photo: Alamy

Karen Clark & Company (KCC) has said the lack of hail damage from the 10 December US tornadoes and their path through smaller townships contributed to the direction of its initial $3bn loss estimate for the disaster.

The firm earlier today released the first official loss estimate for the disaster, including the 200-mile-long quad-state tornado.

Early on after the event, market sources had used a wide range of low billions up to around $8bn or higher to...

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Fiona Robertson
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