While expected to rise over the coming weeks and months, property and auto insurance claims related to the May 19 and 20 tornadoes in Oklahoma have reached 22,422, representing insured losses of at least $85 million, according to the Oklahoma Insurance Department (OID).
The May 19 severe weather that hit Oklahoma, and the EF-5 tornado that hit the town of Moore, Oklahoma on May 20 was an anomaly in that the 2013 U.S. severe thunderstorm and tornado season had been off to a slow start, according to A.M. Best’s report "Briefing: U.S. Property/Casualty. Oklahoma Tornado Ends Modest Cat Activity, Highlights Exposure Management." The rating agency says the tornado followed a similar path to a 1999 Moore tornado that produced the highest wind speeds ever recorded and caused an estimated $2.8 billion of damage, of which $1.4 billion was insured.
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