JUNE HAILSTORMS TOTAL $18 MILLION IN INSURED DAMAGES

July 18, 2005

North Dakota Insurance Commissioner Jim Poolman reported that severe weather that ripped through the Dickinson area in Western North Dakota and the Langdon and Walhalla areas in Eastern North Dakota earlier this month has caused an estimated $18 million in damage to insured property.

Early estimates from several major insurance carriers who write a majority of the auto, homeowners and farm/ranch insurance market in North Dakota indicated that they have received more than 4,500 claims. Many companies report that they have completed the adjustment of around 25 percent of the claims filed and expect to be finished assessing damage in the next few weeks. Many insurance companies have set up catastrophe teams in the Dickinson area.