Insurance Payments On Okla. Tornadoes Exceed $560M - Insurance News | InsuranceNewsNet

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June 20, 2013 Property and Casualty News
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Insurance Payments On Okla. Tornadoes Exceed $560M

The Oklahoman, Oklahoma City

June 19--Insurance claims from the May tornadoes have topped 70,000, with insurance payments exceeding $560 million, the Oklahoma Insurance Department said Tuesday.

Nearly 34,000 claims have been filed by homeowners from the tornadoes of May 19, May 20, May 30 and May 31, the agency said. Payments from those claims top $437 million. More than 32,000 private and commercial auto claims have been filed, with payments totaling more than $83 million.

"These numbers are more proof of the dramatic impact the tornadoes had on our state," said Oklahoma Insurance Commissioner John D. Doak.

"Thousands of Oklahomans are now in the process of rebuilding their lives. Insurance can help them do that and I am glad to see that so many of the victims were insured. But the claims process can be complicated. My office is ready to assist consumers in any way possible," he said.

From Staff Reports

___

(c)2013 The Oklahoman

Visit The Oklahoman at www.newsok.com

Distributed by MCT Information Services

Source:  McClatchy-Tribune Information Services
Wordcount:  162

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