North Dakota faces $100m bill from hail damage

North Dakota Insurance Commissioner Jim Poolman has announced that the severe hailstorm that ripped ...

North Dakota Insurance Commissioner Jim Poolman has announced that the severe hailstorm that ripped through the Bismarck and Hettinger areas late last month caused in excess of $100m in damage to insured property.

So far, reports to Mr Poolman from several major insurance carriers who write most of the auto, homeowners and farm/ranch insurance market in North Dakota have confirmed that they have received over 20,000 claims.

Mr Poolman said these numbers could increase as claims procedures are wrapped up.

"Companies have been quick to respond with catastrophic claims teams that are evaluating damage to property and autos. Many companies report that they have made significant progress in assessing damage and completing the claims process," Mr Poolman said.

Mr Poolman added, "Most companies are probably pretty well done with processing auto claims, but homeowners' claims are another story because the evaluation requires an on-site inspection." Most companies reported that the majority of claims processing would be completed by the end of August.

The estimate of damage takes into account claims from farms, ranches, homes, mobile homes, autos, other personal property and some commercial property. However, the total does not include damage to crops, and is not a final aggregate number.

Mr Poolman said, "It's really important for people to be patient during this process. I will continue to work with companies to make sure that claims are settled quickly and fairly for those that have damage. I have encouraged companies to help those who have the most severe damage first."

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