The Joplin Globe, Joplin, MO

January 9, 2013

Barton County Mutual in better financial health following tornado

From staff and wire reports
The Joplin Globe

— A Southwest Missouri insurance company that nearly went under because of claims stemming from the Joplin tornado is now in better financial health, according to the Missouri Department of Insurance.

A judge recently approved a request to release Barton County Mutual Insurance Co. from department control.

Barton Mutual had premiums of $32 million in 2011 but reported claims of $48 million related to the Joplin tornado.

The insurance company has about 29,000 policyholders.

According to the state regulatory agency, Barton Mutual is the largest employer in Liberal.