As of mid-July insurance companies serving consumers in the Joplin, Mo., area had paid more than $745 million in claims for residential, personal and commercial property damaged by the EF-5 tornado that struck May 22, according to state insurance regulators.
The estimated amount is based on reports of preliminary claims submitted by insurers to the Missouri Department of Insurance as of July 15.
The claims payments include:
| Type | Claims received | Payments made |
Claims expected |
| Homeowners | 7,600 | $404,230,953 | 8,285 |
| Auto (private) | 6,623 | $43,500,503 | 7,051 |
| Commercial property | 1,902 | $289,639,497 | 2,049 |
| Commercial auto | 270 | $2,718,375 | 279 |
| Other | 261 | $5,292,818 | 279 |
| Totals | 16,656 | $745,382,146 | 17,943 |
“The insurance industry’s role in Joplin’s recovery continues to be commendable, paying claims toward what will be the largest insurance event in Missouri history,” said John M. Huff, director of the Department of Insurance. “$745 million in eight weeks is a significant reinvestment into the local economy.”
Total claims payments are expected to approach $2 billion.
Huff says most insurance claims that are still open may be some of the more difficult ones to resolve. He encourages consumers who need assistance with personal or commercial claims to contact the Department of Insurance.
Department employees continue to staff the State of Missouri Resource, Recovery & Rebuilding Center since it was opened by Gov. Jay Nixon on June 7. The center is located at 705 Illinois Ave., Building A, Suite 12 in Joplin.
Source: Missouri Department of Insurance
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