Business Continuity and Disaster   Insurance Matters   Joplin tornado draws $509M in insurance claims so far SUMMARY: Missouri officials said insurance companies have paid out $509 million in claims tied to the May 22 Joplin tornado, and that figure is expected to multiply by three or four by the time all claims are settled. The estimated EF-5 twister — the highest level on the tornadic scale — destroyed vast swaths of Joplin, killing 156 people. The largest number of claims so far has been from homeowners, who have submitted a little more than 7,000 and received $311.7 million in payments. Officials expect a total of 8,005 claims by the end. Commercial property owners have submitted 1,533 claims and received $157.8 million. More than 1,700 claims are expected in total. News Item quoted  Analysis by Jim Satterfield, Firestorm President/COO What is the impact of a d...