Winter Storms in Southeast Cause $100 Million in Losses.Insured losses from the winter storms that swept through Arkansas Arkansas, river, United States Arkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. , Oklahoma Oklahoma (ōkləhō`mə), state in SW United States. It is bordered by Missouri and Arkansas (E); Texas, partially across the Red R. (S, W); New Mexico, across the narrow edge of the Oklahoma Panhandle (W); and Colorado and Kansas (N). and Texas could total at least $100 million, an Insurance Information Institute spokeswoman said. State Farm, the leading homeowners insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. in all three states, expects claims to reach $21 million. State Farm anticipates receiving some 14,000 claims from the storms, said spokeswoman Kris Dunn. State Farm expects to receive 4,000 claims in northern Texas, with estimated insured losses of $6 million, Dunn said. About 5,000 claims are expected from Arkansas, with estimated insured losses of $7.5 million. Another 5,000 claims and $7.5 million in losses are expected in Oklahoma. Total catastrophe Catastrophe, from the Greek Καταστροφή (katastrephein), literally means "to turn" (strephein) "downwards" (kata-). losses for all of 2000 will be far below 1999's total of $83 billion. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. A.M. Best Co. data for 1999, State Farm is the leading homeowners multiperil writer in Arkansas, with 28.3% of the market. Southern Farm Bureau Group is second with 20%. In Oklahoma, State Farm holds 28.9% of the market, followed by Farmers Insurance Group with 23.7%, and in Texas, State Farm holds 33.1% of the market, followed by Farmers with 17.3%. The storm hit New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). on Christmas Day and moved east, dropping 20 inches of snow on northern Texas and 2 to 3 inches of ice in Arkansas. As many as 500,000 people were without electricity in states the storm hit. For a time, more than a quarter-million Arkansas residents were without electricity and water, according to Arkansas' Department of Emergency Management. |
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