Missouri reports nearly $190 million in losses from May 2019 tornadoes

2 months 3 weeks 2 days ago Thursday, July 09 2020 Jul 9, 2020 Thursday, July 09, 2020 1:06:00 PM CDT July 09, 2020 in News
By: Matt McCabe, KOMU 8 Digital Producer

JEFFERSON CITY - The final amount of insurance claims reported after the May 2019 tornadoes has amounted to nearly $190 million in damages, according to the Missouri Department of Commerce and Insurance.

June was the last month to file claims, and the final cost exceeds earlier estimates, which predicted $136 million.

The DCI reports 6,462 claims were made, and most of those claims have been closed.

The breakdown of the data is below, courtesy of the Missouri DCI.

Line of Business
Clms Reported
Closed W/ Pmt
Closed w/out Pmt
Losses Paid
Losses Incurred
% Closed
% Closed Without Pmt
Residential Property
3,780
2,759
947
$57,071,451
$58,871,827
98.0%
25.6%
Commercial Property
785
522
152
$63,845,128
$89,268,628
85.9%
22.6%
Business Interruption
58
40
9
$4,327,627
$5,247,653
84.5%
18.4%
Personal Auto
1,338
1,162
163
$8,271,432
$9,202,142
99.0%
12.3%
Commercial Auto
161
109
30
$18,127,216
$18,249,557
86.3%
21.6%
All Other Lines
340
197
73
$8,252,644
$8,796,829
79.4%
27.0%
Totals
6,462
4,789
1,374
$159,895,498
$189,636,636
95.4%
22.3%

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