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Will the property damage in Moore, Okla. be similar to the $2.8 billion devastation in Joplin 2 years ago?

Tornadoes have caused $97.8 billion in insured losses in the U.S. between 1990 and 2009, making these weather events second only to hurricanes for that period as the costliest natural disasters. Learn about the damage caused to the U.S. in recent years from these weather events.

Average tornadoes move at less than 35 miles per hour and last just a few minutes, but yesterday a two-mile wide EF4 tornado packing 166 to 200 mph winds ripped through the suburbs of Oklahoma City for 40 minutes.

Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.

Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.

Emergency workers searched for survivors in the rubble of homes, schools and a hospital in an Oklahoma town hit by a powerful tornado, but officials on Tuesday sharply lowered the number of deaths caused by the storm.

Fewif anyindustries would seem to face a greater existential threat from the effects of climate change than insurance. As flood waters rise, as hurricanes and tornadoes grow more intense and as droughts last longer, trillions of dollars of insured assets are at risk. In the ugliest scenario imaginable, even the...

Claims from the devastating 2011 Joplin, Mo., tornado that wiped out more than 7,000 structures and took 161 lives are closing in on the $2 billion mark close to two years after the event.