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Joplin, Missouri Tornado Payouts at $1.13 Billion, May Go Higher

Actual insured losses from the Joplin, Mo., tornado in July could top out at $1.9 billion, within the range of $1.5 billion and $2 billion predicted earlier by the Missouri Department of Insurance, Financial Institutions and Professional Registration
November 29, 2011

Actual insured losses from the Joplin, Mo., tornado in July could top out at $1.9 billion, within the range of $1.5 billion and $2 billion predicted earlier by the Missouri Department of Insurance, Financial Institutions and Professional Registration. As of late November, insurance companies had remunerated approximately $1.13 billion. Since this is the largest insurance event in Missouri history, the department has committed “a great deal of its resources” to Joplin with the intent of responding to the needs of consumers, said John Huff, director of the department. “The industry should be commended for the response thus far,” he said. Huff said getting those insurance payouts processed in a timely manner has been integral to the rebuilding of Joplin.

Read the rest of the article on the payouts to Joplin: Mo. DOI Says Joplin Payouts Could Approach $2 Billion (Joplin MO Globe 11/25/11)


 
 

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