Definitive statistics racking up catastrophe losses from the first half of the year have been painting for the public a reality that insurers have been living with for months, and the latest numbers adding to this are damage figures exceeding $1 billion in the wake of the tornado suffered on May 22 in Joplin, Mo.

Missouri’s Department of Insurance recently released insurance claims and payouts information, citing 16, 974 of an expected 18,433 claims have been received and $1.05 billion in payments have already been made.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access