农夫导航

The Missouri Department of Commerce and 农夫导航 (DCI) reported Thursday that severe weather has already caused nearly $1.6 billion in damage throughout the state this year.

“The insurance industry continues to respond and assist Missourians as they rebuild and repair their property,” DCI Director Angela Nelson said in a press release. “Almost $1.6 billion has already been paid by insurers due to catastrophic weather events in Missouri this year, with projections of what will ultimately be paid by the insurance industry currently exceeding $1.8 billion.”

As part of its regulatory oversight, the department issued a formal data call to assess the insurance industry’s response to this year’s catastrophic storms. To date, 235 insurance companies have responded, representing approximately 99% of Missouri’s residential property insurance market.

2025 Year-to-Date Catastrophic Weather Impact

According to the DCI, as of July 16, insurers have received more than 173,000 claims on residential property, renters and condo owners and auto insurance policies. Those insurers have paid out $1.6 billion for catastrophic weather-related claims statewide. Of that amount, $1.3 billion (approximately 81%) was paid for residential property policies.

Projections for 2025

Nearly $1.8 billion is expected to ultimately be paid by insurers for catastrophic weather-related losses. Of those projected payments, $1.5 billion (approximately 83%) is attributed to residential property insurance.

Financial Impact of the May 16 St. Louis Weather Event

As of July 16, 2025, insurers have received nearly 9,000 insurance claims resulting from this single weather event. Nearly $208 million has been paid across all lines of insurance (residential property, renters, and comprehensive personal auto). Of that total, $182 million (approximately 88%) has been paid specifically for residential property claims.

Insurers currently project that $330 million in claims will ultimately be paid for the May 16 storm. Of that number, $298 million (91.5%) is expected to be paid for residential property losses. Based on publicly available estimates of total property losses in St. Louis of nearly $1.6 billion, this data appears to support the DCI’s earlier estimates of a high percentage of uninsured properties in the path of the May 16 tornado. (For both statewide and St. Louis-specific data, these projections are preliminary and may vary as additional claims data becomes available.)

Topics Profit Loss Missouri