US tornado damage could surpass $2bn

2013-05-22 22:08
(Picture: AP)

(Picture: AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Moore - The cost of a massive tornado that battered an Oklahoma City suburb, could be more than $2bn, according to a preliminary estimate announced on Wednesday by state officials.

Oklahoma insurance department spokesperson Calley Herth told AP that the early tally is based on visual assessments of the extensive damage zone stretching more than 27km, and the fact that the tornado was on the ground for 40 minutes.

She said the financial cost of Monday's tornado in Moore could be greater than the $2bn in damage from the 2011 tornado that killed 158 people in Joplin, Missouri.

Herth said that twister left a smaller trail of destruction.

With no reports of anyone still missing and with the death toll at 24 people, authorities and residents turned on Wednesday toward assessing the damage and plotting a future course for Moore, a town of about 56 000 that was also hit by a massive tornado in 1999.

Authorities have yet to present concrete numbers for how many homes were damaged or destroyed, but the view from the air shows whole neighbourhoods obliterated, with gouged earth littered with splintered wood and pulverised cars.

Dan Ramsey, president of the Independent Insurance Agents of Oklahoma, said a damage estimate in the low billions is "not surprising”.

"Certainly it's in the hundreds of millions," Ramsey said. "I suppose seeing projections from similar disasters, it could stretch to a billion" or more.

Read more on:    us  |  oklahoma tornado

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.