If you look at a map of the United States, one could make a case that Joplin, Mo., is the heart of the country.

A year ago on May 22, at about 5:40 p.m., that heart was broken when a tornado with winds of more than 200 mph ripped through the city of about 50,000 people. But with insurance playing a large role, Joplin is recovering and rebuilding.

“The insurance industry has done a commendable job,” John M. Huff, director of the Missouri Department of Insurance, tells NU, adding that the tornado is the state's largest insurance event ever. So far insurers have paid about $1.5 billion on claims, and it is expected that number will approach $2 billion by the time all claims are settled.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.