US insurer State Farm has said that it has already paid nearly $916m in claims to help its customers recover from damage caused by the catastrophic storms in April and May.
The insurer expects that the total claims figure is expected to rise as its claim representatives continue to work with policyholders in hard hit locations from Texas through to the East Coast.
State Farm said April storms would be the seventh most costly homeowners’ catastrophe in the company’s 90-year history.
The insurer claims that through May, it provided over $2.5bn in catastrophe claim payments to its throughout the North America
According State Farm, it policyholders have reported nearly 300,000 home, business and auto claims caused by the April and May events and more than 4,300 claims professionals have been deployed around the country to more than 147 separate claim offices.
It has added that the most recent storms and tornadoes that hit Texas and Oklahoma this week are not included in these figures.