U.S. storms result in more than 9,000 claims for Farmers Insurance; nearly 15,000 expected

Storms moving through multiple states, including Texas, Oklahoma, Kansas and Arkansas, at the end of May have already resulted in more than 9,000 insurance claims, Farmers Insurance said in a press release on Thursday.

The Farmers Insurance Group of Canada – a United States insurer group of automobiles, homes and small businesses and a provider of other insurance and financial services products with more than 19 million individual policies – said that it expects to see nearly 15,000 claims across nine impacted states. Insured damages stemming from these series of storms are likely to total approximately US$80 million, Farmers Insurance said in the release.

Related: Insured losses from flooding in Oklahoma and Texas “set to easily exceed” US$1 billion: Aon Benfield

Since the storms struck, Farmers Insurance specialized catastrophe adjusters and agents have assisted customers across the country. Utilizing the latest in geo-technology, catastrophe claims staff analyzed the incoming claims and deployed resources and personnel to ensure a “prompt and efficient response,” Farmers Insurance said.

Farmers’ customers who suffered damage from the storms and have not yet submitted a claim may still do so by contacting their agent, via the www.farmers.com website, or by calling the 24-hour claims center at 1-800-435-7764.

Related: Texas flooding damages an estimated 7,000 to 10,000 insured vehicles

On June 4, Impact Forecasting reported in their latest Global Catastrophe Recap report that a spate of thunderstorms and tornadoes in the United States in May cost the national economy about US$3 billion in economic losses, with overall insured losses “set to easily exceed” US$1 billion, despite low flood insurance penetration in parts of Oklahoma and Texas.

“Total aggregated severe thunderstorms and flood economic losses for May are expected to approach US$3 billion,” the report said. “Overall insured losses will easily exceed US$1 billion, though given low flood insurance penetration in parts of Oklahoma and Texas, the losses could have been even more robust.

Related: Death toll climbs to 19 from storms in Texas, Oklahoma; more rain falls on hard hit Houston

On June 5, the National Insurance Crime Bureau in the U.S. said that it’s the “end of the road” for an estimated 7,000 to 10,000 insured vehicles in Texas following flooding in that state. By late May, storms and flooding in Texas and Oklahoma had already killed 19 people, with more than a dozen others missing.

.@TexasTaskForce2 working #texasflood operations today near San Marcos, Texas http://t.co/3CiRPltwiD pic.twitter.com/I7aAhfMBq4

— FEMA (@fema) June 3, 2015