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…

Insurers will make over $2.2 billion in payments for Joplin claims

To date, insurers have made more than $2 billion in payments to cover claims relating to the tornados in Joplin. According to the organization that…

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…

Massachusetts tornado outbreak caused $90 million in damages just for homes

Last week, Massachusetts fell victim to an outbreak of violent tornados, causing $90 million in damage, according to Barbara Anthony, undersecretary of the Office of…

Missouri insurance rates expected to go up

The past month has been trying for residents of Missouri. Storms late in April sent the Mississippi River on a rampage. Miles of farmland were…

Joplin tornado auto claims reach an estimated 18,000 so far

The devastating tornado that recently hit Joplin, Missouri not only destroyed hundreds of homes, but also took thousands of vehicles leaving residents in destitute. Springfield…