|
|
|
Missouri Ag News Headlines |
 |
Insured Losses After 2019 Tornadoes Nears $190 Million
Missouri Ag Connection - 07/10/2020
The May 2019 tornadoes that ravaged several parts of Missouri caused significant damage to both residential and commercial properties.
The Department of Commerce and Insurance reported Thursday that it 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.
|
 |
|
 |
|
Copyright © 2024 - Farms.com. All Rights Reserved. |
 |
|
