Latest news with #MissouriDepartmentofCommerceandInsurance
Yahoo
27-05-2025
- Business
- Yahoo
How many tornado-damaged St. Louis homes were uninsured?
ST. LOUIS – Nearly two weeks after an EF-3 tornado tore through St. Louis, a preliminary estimate suggests that many damaged homes and buildings may not have had insurance coverage. City officials initially reported around 5,000 homes and properties sustained damaged from the May 16 tornado, which primarily hit hard in westside and northside neighborhoods of St. Louis. Last week, the Missouri Department of Commerce and Insurance (DCI) released a preliminary estimate on uninsured properties based on industry-reported insurance policy data. While an exact count was not available, the figures offer some insight into the widespread damage and possible insurance gaps. According to the DCI, the most heavily uninsured areas in the tornado's path included three zip codes in northern parts of the City of St. Louis: 63107 63113 63115 DCI data determined around 90% of renters in these zip codes could be uninsured, while around 67% of homeowners could be uninsured. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Furthermore, DCI noted there were some largely-uninsured areas in more densely populated zip codes: 63147 (North Riverfront neighborhood) 63108 (Central West End) 63112 (DeBaliviere Place) DCI data determined around 63% of renters in these zip codes could be uninsured, while around 49% of homeowners could be uninsured. Other tornado-impacted zip codes included: 63110 (Parts of Forest Park, Shaw, The Hill, and Central West End) 63105 (Clayton) 63117 (Richmond Heights) DCI data determined fewer than 10% of renters in these zip codes could be uninsured, while around 19% of homeowners could be uninsured. DCI says the estimates are based on data from the U.S. Census Bureau's 2023 American Community Survey and its own 2024 zip-code data collection report. Homeowners with uninsured homes damaged by the tornado may need to rely on federal aid, specifically through FEMA, for financial assistance in the recovery process. The state of Missouri has submitted requests for both emergency and federal disaster declarations, which, if granted, could open the door to assistance programs for the affected residents. A Missouri state statute may provide some protections for both insured and uninsured renters impacted by the tornado. If a rental property is deemed uninhabitable due to tornado damage, tenants may not be required to pay rent moving forward. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-05-2025
- Climate
- Yahoo
St. Louis locals request insurance info after EF3 tornado
ST. LOUIS, Mo. — On May 16, an EF3 tornado tore a mile-wide path through St. Louis, and now residents are seeking information about the number of homes that were uninsured in the affected zip codes. The Missouri Department of Commerce and Insurance (DCI) says it received numerous requests for more information about how many homes were uninsured in the affected zip codes. They say there is no such data available. See Forecast The DCI says the department does collect information from the insurance industry about the policies issued within the state. The DCI says this policy information consists of rough numbers based on figures derived from the American Community Survey (ACS) produced by the U.S. Census Bureau (2023), and the Missouri Department of Commerce and Insurance annual zip-code data collection (2024). 'During my visit to St. Louis on Tuesday, I received multiple requests not only about data for the number of insured homes and renters we had in the impacted area but also about the number of uninsured,' said DCI Department Director Angela Nelson. 'While information about uninsured isn't available, the department wanted to provide assistance to policymakers assessing community needs. We were able to make a rough estimate of how many potentially uninsured homes and renters we may have by matching the ACS data with our department's zip code collection data. While this number is certainly not exact; it is fluid and subject to change, it does provide a general picture of what we may be dealing with in terms of uninsured losses.' Officials say the most heavily uninsured areas are in North County zip codes 63115, 63107, and 63113. This includes both homeowners and renters and estimates that approximately 90% of the renters in these zip codes could be uninsured, while the number of uninsured homes could be around 67%. Significant uninsured areas are in the more densely populated zip codes of the North Riverfront area of 63147, the Central West End neighborhood of 63108, and the West End/Skinker DeBaliviere and DeBaliviere Place neighborhoods of 63112. Approximately 63% of renters in these areas could be uninsured, while around 49% of homeowners could be uninsured. The zip codes of Richmond Heights 63117; the St. Louis neighborhood associated with 63110 that includes Forest Park, Shaw, The Hill, Central West End, and Cheltenham; and Clayton's 63105 neighborhood have lower uninsured numbers of renters and homeowners, but they're still concerning. Fewer than 10% of renters could be uninsured in these zip codes, and nearly 19% of homeowners could be uninsured. The DCI says they will be issuing a bulletin that requests health insurers to cover the costs of emergency prescription drug refills. The bulletin is being issued to further aid in the effectuation of Governor Mike Kehoe's Executive Order 25-24, issued on May 20, 2025. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
31-03-2025
- Climate
- Yahoo
Storm recovery resources available for St. Louis, Jefferson County residents
Residents impacted by recent severe weather in St. Louis and Jefferson Counties can access much-needed help this week. The Missouri Department of Commerce and Insurance (DCI) is participating in Multi-Agency Resource Centers, or MARCs, which are designed to be one-stop shops for disaster recovery assistance. These events bring together state and local agencies to help storm victims navigate everything from insurance claims to unmet personal needs. Consumer specialists with DCI will be on-site to answer insurance-related questions, help homeowners understand their policies, guide them through the claims process and provide contact information for insurance companies. STL city leaders make bold steps to tackle downtown blight Here are the MARC locations and times: Florissant:James J. Eagan Civic Center1 James J. Eagan DriveOpen Monday, March 31 and Tuesday, April 1, from Noon to 7 p.m. Arnold:City of Arnold Recreation Center1695 Missouri State RoadOpen Monday, March 31, from 1 to 7 p.m. If you are unable to attend, you can still get help by calling the DCI Insurance Consumer Hotline at 800-726-7390 or visiting United Way 2-1-1 is also available by dialing 2-1-1 or visiting Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
