Joplin tornado could cost insurers as much as $2 billion, say regulators

Several months have passed since a devastating tornado struck the city of Joplin, Missouri. The tornado was classified as an F-5, the highest classification of…

Joplin Tornado

Missouri Department of Insurance says Joplin disaster will be the most costly insurance payout in state history

In late May, a small town in Missouri known as Joplin was ravaged by a powerful tornado. The damage caused to the town left many…

Joplin tornado may cost insurance companies up to $2 billion

Director John M. Huff from the Missouri Department of Insurance announced that the EF-5 tornado in Joplin may have been the “largest insurance event” in…