Joplin tornado insurance losses could reach $2 billion

Thursday, January 10, 2013 | 5:05 p.m. CST; updated 5:25 p.m. CST, Thursday, January 10, 2013

JOPLIN — Insurance payouts related to the May 2011 tornado in Joplin are likely to reach $2 billion, increasing what is already the largest insurance event in Missouri's history, a state insurance regulator said.