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Joplin twister was costliest since 1950

12:54 PM, May 19, 2012   |    comments
(Photo by Mario Tama/Getty Images)
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DAVID A. LIEB

Associated Press JEFFERSON CITY, Mo. (AP) - The tornado that tore through Joplin a year ago already ranks as the deadliest twister in six decades. Now it carries another distinction - the costliest since at least 1950.

Insurance policies are expected to cover most of the $2.8 billion in damage.

But taxpayers could supply about $500 million in the form of federal and state disaster aid, low-interest loans and local bonds backed by higher taxes. That's according to records obtained by The Associated Press and interviews with federal, state and local officials. Almost one-fifth of that money was paid to contractors who hauled off debris. Tens of millions more went to individuals for temporary housing and other living expenses after the storm.

Additional money could help subsidize construction of a new hospital.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

 

 

 

 

 

 

 

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