Losses for 2011 Joplin tornado could reach $2 billion

JOPLIN, Mo. -- State regulators say insurance claims from the tornado in May 2011 are likely to reach $2 billion.? The tornado killed 161 people, injured hundreds of others and damaged or destroyed thousands of homes and businesses.
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As of Oct. 31, insurance companies paid out $1.65 billion on 19,870 private and commercial claims.?? John Huff, director of the state's insurance registration department, said Wednesday that he expects the claims to reach around $2 billion.
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Huff says the department no longer requires monthly reports on claims submitted and paid by the state's insurance companies.?? He says the department continues to monitor the situation, however, to be sure claims are being handled in a timely way.

Source: http://www.kspr.com/news/ky3-losses-for-2011-joplin-tornado-could-reach-2-billion-20130110,0,3147681.story?track=rss

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