2011 Joplin tornado
The 2011 Joplin tornado was a catastrophic EF5-rated multiple-vortex tornado that struck Joplin, Missouri, late in the afternoon of Sunday, May 22, 2011. It was part of a larger late-May tornado outbreak and reached a maximum width of nearly during its path through the southern part of the city. This particular tornado was unusual in that it intensified in strength and grew larger in size at a very fast rate. The tornado tracked eastward across the city, and then continued eastward across Interstate 44 into rural portions of Jasper County and Newton County. It was the third tornado to strike Joplin since May 1971.
2011 Joplin tornado
The catastrophe and risk modeling firm Eqecat, Inc. has estimated the damage at one billion to three billion USD, but noted that the true damage is not yet known, since the firm does not have access to data on uninsured losses. More than 19,000 insurance claims had been filed by mid-June. The impact on the insurance industry is not so much the number of claims, but the cumulative effect of such a large number of total losses. More than 2500 local people employed in insurance have been involved in some capacity. It is assumed that State Farm will assume the largest share of these losses, having market share of 27% for homeowners insurance and 21% for automobile insurance.