Filed Under:Claims, Catastrophe & Restoration

Eqecat: Up to $5B in Insured Losses from Recent Tornado Activity

Updated 12:45 p.m.

Farmers Insurance staff assists Moore, Okla. residents outside of one of the insurer's two catastrophe buses in the area. (Credit: Mark Toohey, Farmers)
Farmers Insurance staff assists Moore, Okla. residents outside of one of the insurer's two catastrophe buses in the area. (Credit: Mark Toohey, Farmers)

The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat. 

The Moore tornado caused the bulk of the expected losses, Eqecat says, destroying approximately 13,000 structures.

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