May 2019 Tornadoes in Missouri Caused Nearly $190M in Insured Losses

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The May 2019 tornadoes that ravaged several parts of Missouri caused significant damage to both residential and commercial properties, and resulted in close to $190 million in insured losses, the state Department of Commerce and Insurance reported.

The department has been tracking the number of claims filed in the state, related to the tornado damage, and the dollar amounts of the settlements of those claims.

Although early estimates were predicted to reach at least $139 million, the final data submitted by the reporting insurance companies indicates the insured losses reached nearly $190 million.

Most tornado claims were closed by June of this year, including 98 percent of homeowners claims and 99 percent of personal auto claims.

A higher percentage of commercial property claims, which are often far more complex than personal claims, remained open.

The following data reflects the losses through June of 2020. This was considered the last scheduled filing and the final numbers related to that event.

Line of Business	Clms Reported	Closed W/ Pmt	Closed w/out Pmt	Losses Paid	Losses Incurred	% Closed	% Closed Without Pmt
Residential Property	3,780	2,759	947	$57,071,451	$58,871,827	98.0%	25.6%
Commercial Property	785	522	152	$63,845,128	$89,268,628	85.9%	22.6%
Business Interruption	58	40	9	$4,327,627	$5,247,653	84.5%	18.4%
Personal Auto	1,338	1,162	163	$8,271,432	$9,202,142	99.0%	12.3%
Commercial Auto	161	109	30	$18,127,216	$18,249,557	86.3%	21.6%
All Other Lines	340	197	73	$8,252,644	$8,796,829	79.4%	27.0%
Totals	6,462	4,789	1,374	$159,895,498	$189,636,636	95.4%	22.3%