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Oklahoma tornado damage tops $595 million dollars

Insurance companies will pay out some $595 million to cover losses from tornadoes that swept through central Oklahoma last month. And that total is expected to grow.
By Don Mecoy - Business Writer Modified: June 2, 2010 at 3:03 pm •  Published: June 2, 2010

The May 10 storms that spawned hail and tornadoes that swept through central Oklahoma will cost insurance companies about $595 million, an industry group estimated today.

Those losses, estimated by the Insurance Services Office, Property Claim Service, include $475 million in personal property, $40 million in commercial losses and $80 million in vehicle damage, said Jerry Johns, president of Texas-based Southwestern Insurance Information Service.

The damage estimate does not include losses involving many publicly owned properties and utilities that are often self-insured, or flood damage insured through the National Flood Insurance Program, Johns said.

The total also doesn't include the damage caused by storms that dumped large hail on the metro area a couple of days later.

The May 10 storms delivered "an amazing amount of damage," Johns said. "The hailstorm is going to be an amazing amount of damage as well." has disabled the comments for this article.


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