NU Online News Service, May 24, 11:18 a.m. EDT
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.
Insurers have started the task of handling claims and setting up temporary operations in and around Joplin, a city of about 50,000 people. At least 115 people were killed on May 22 from the EF4 tornado, with winds of up to 200 mph.
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