Insured losses from the deadly mega-tornado that smashed through Joplin, Missouri could run from $1 billion to $3 billion, risk and loss estimator Eqecat said Tuesday.
One of the single deadliest tornadoes to ever hit the country, the Joplin twister turned parts of the city into rubble on Sunday, leaving 116 people dead and hundreds more missing.
"Preliminary reports from emergency management officials in Joplin indicate that up to a quarter of the building stock (2,000 buildings) in the city have been destroyed," Eqecat said in a statement.
Another 5,000-10,000 buildings and houses, or up to 75 percent of the total in the small city, were damaged, it estimated.
The estimate of possible losses on insured property was only preliminary, Eqecat stressed.
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