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Missouri Homeowners Rates Jump Due to Tornadoes

The Missouri Department of Insurance says that homeowners' insurance rates statewide will climb slightly more than 5 percent as a result of tornadoes that hit St. Louis, Joplin, and other areas last year
March 28, 2012

The Missouri Department of Insurance says that homeowners' insurance rates statewide will climb slightly more than 5 percent as a result of tornadoes that hit St. Louis, Joplin, and other areas last year. Tornadoes killed 1,900 people last year and caused an estimated $21.3 billion in damage, marking the fourth largest insurance disaster in history behind Hurricane Katrina, Hurricane Andrew, and 9/11. With 270 tornadoes already reported by March 5, experts think 2012 could be another catastrophic year.

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