Missouri Auto Insurance Regulators Release Storm Info
Missouri auto insurance regulators have updated the public with some storm data about claims throughout the state. According to the press release found on WiredPRNews.com, Missouri residents have collected approximately $750 million from insurance companies from claims filed throughout the storms that hit Joplin back in May.
John M. Huff, who is the director of the state Department of Insurance encourages consumers to contact their department or their insurance company if they believe they may be eligible to file a claim. Huff and other officials believe the department and insurance companies have done an excellent job helping the people of Missouri who needed it most through the quick fulfillment of claims.
Area regulators previously announced in June that Missouri insurers of auto insurance as well as other coverages, had paid out around $500 million in claims with auto claims specifically making up over $34 million. This number has steadily increased throughout the summer as claims were filed and insurers met their needs. About $250 million was paid out in early July alone says the Department of Insurance.
Altogether, almost 17,000 claims have been submitted as a result of the disastrous tornado that devastated the area. Huff believes that total claims could hit up to $2 billion altogether. The claims that are still pending at this point will be difficult to resolve and may take some more time.
Written by Sara Smart
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