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.
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