The Oklahoma Insurance Department says payments from thedevastating May tornado outbreak across central Oklahoma have nowtopped $1 billion.

|

“These numbers are staggering,” says Oklahoma InsuranceCommissioner John D. Doak in a statement. “We've topped $1 billionin payments and the rebuilding is just beginning.

|

“We expected to see these amounts and they continue to go upevery week,” he adds. “This is a major catastrophe that's impactedthousands of Oklahomans.”

|

He says some survivors are still dealing with insurance andrebuilding issues that cannot be resolved quickly, but thedepartment will be there for policyholders “until the last claim ispaid.”

|

Since May 19, nearly 91,000 claims have been filed, but someremain unresolved—which is not uncommon three to four months aftera large-scale disaster, the department says. It does not keepfigures on the number of claims resolved or still opened.

|

The Oklahoma Emergency Management Office says that for the monthof May there were 56 tornadoes in the state that included an EF-4tornado hitting Shawnee on May 19 and an EF-5—the mostpowerful—striking Moore on May 20. There were 387 injuries from thetornadoes during the week of May 19-25 and another 121 injuriescaused by tornadoes and flooding during May 28-June 1.

|

The death count from the Moore tornado stands at 25 after a90-year-old woman recently died of injuries sustained during thedisaster. The tornado also demolished the Plaza Towers ElementarySchool, killing seven children.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.