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The weekend’s deadly storm outbreak in the Midwest may cost up to $1 billion, says RMS, and could rank as the most expensive of the top five catastrophes of its kind to have occurred in November since 1950.  

“Sunday’s big tornado outbreak is yet another atypical storm of what has been an unusual 2013 severe weather season,” said Matthew Nielsen, RMS director and meteorologist in a statement. So far, the three largest tornado outbreaks of 2013 have occurred in January, October, and November, all outliers of the usual spring/summer peak.  

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