Many of the states hammered by what's already the deadliest year for tornadoes in more than half a century have among the nation's highest rates of homes without hazard insurance despite being among the most twister-prone.
State Farm spokesman John Wiscaver has been with the company for 23 years and calls the damage caused by a tornado in Joplin, Mo., “as bad as I have ever seen.”
A violent storm system powering through a wide swath of the Midwest and South on Wednesday spawned tornadoes and powerful winds that turned homes into splintered wreckage and cars into crumpled shells.
A violent storm system powering through a wide swath of the Midwest and South on Wednesday spawned tornadoes and powerful winds that turned homes into splintered wreckage and cars into crumpled shells.
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Catastrophe risk modeling firm EQECAT says insured losses for the Joplin, Mo. tornado—the deadliest twister in more than 60 years—could be between $1 billion and $3 billion.