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

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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