Missouri tornado could cost insurers $1 billlion-$3 billion

Reuters

NEW YORK (Reuters) - The tornado that hit Joplin, Missouri, could cost insurers some $1 billion to $3 billion, according to catastrophe risk modeling firm EQECAT.

The tornado, the deadliest single tornado in the United States since 1947, killed at least 116 people in Joplin earlier this week.

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(Reporting by Dan Wilchins, editing by Dave Zimmerman)