Insurer Pays $11 Million in Wisc. Tornado Claims
American Family Insurance of Madison has paid out $11 million in damage claims so far as a result of the Aug. 18 tornadoes that hit central Wisconsin.
The insurer provided an update Wednesday on damage claims stemming from the fierce storms. As of Aug. 31, the company said it has paid out $11 million to Wisconsin policyholders and expects to pay out a total of $12 million to $13 million.
So far, 320 claims have been filed; 27 homes were destroyed and 40 other homes sustained “significant damage,” said spokeswoman Kelly Kick.
The vast majority of the claims came from policyholders in the Stoughton area, southeast of Madison. The company also has received claims from the Viola and Fort Atkinson areas.
American Family is the largest provider of homeowners and private passenger insurance in Wisconsin.
- Portugal Rolls Out $2.9 Billion Aid as Deadly Flooding Spreads
- LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
- NHTSA Expands Probe into 1.3M Ford F-150 Pickups Over Transmission Issues
- Why 2026 Is The Tipping Point for The Evolving Role of AI in Law and Claims
- Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
- Allianz Built An AI Agent to Train Claims Professionals in Virtual Reality
- Nationwide Spending $100M on AI to Beef up Claims Efficiency, Customer Experience
- FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings