Catastrophe losses in 2011 will reach the $1 billion mark for American Family Insurance.
The Madison, Wisc.-based insurer of homes, automobiles, businesses and farms says it has paid about $100 million to victims of a destructive tornado in Joplin, Mo. last May.
The Joplin tornado destroyed 400 homes and damaged hundreds of others. Policyholders filed 2,300 property, auto and commercial claims.
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