$500 Million in Claims Paid Toward Joplin Recovery

July 8, 2011
By Tatlow, Gump, Faiella & Wheelan LLC on July 8, 2011 9:58 AM |

Insurance companies serving the consumers in the Joplin area had already paid more than $509 million in claims in the first five weeks after the tornado. These claims were all regarding residential, personal, and commercial property damage due to the EF- 5 tornado that struck on May 22nd. John M. Huff, director of the Department of Insurance expects this number to be three to four times larger by the time all the claims are settled.