Repair costs in Gaylord to run into millions - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 26, 2022 Newswires
Share
Share
Post
Email

Repair costs in Gaylord to run into millions

Petoskey News-Review (MI)

The tornado that ripped through Gaylord last week is expected to cost millions to repair — and, insurance companies warn, some survivors will be lucky to be able to make them in the next few months.

One insurer is estimating a damage payout of up to $10 million to its clients.

Local, state, and federal damage assessments were expected to begin Wednesday morning, and if they meet the criteria for federal help, the state likely will ask for it, according to Michigan State Police officials said.

The governor's office will decide whether to make the request.

On Tuesday, state officials told the Free Press they had no damage estimates to offer.

The state, officials added, is trying to speed the federal aid request process by inviting Federal Emergency Management Agency to help with the damage assessment, which often is done first by just local and state officials.

Meanwhile, the Otsego Community Foundation — through its Tornado Response Fund — is seeking to raise $500,000 to provide immediate relief to survivors, short-term recovery assistance, and money to help the community rebuild.

If you want to help, the foundation is taking donations.

As of Tuesday, more than 500 people had contributed more than $85,000 to the fund. In addition, the Community Financial Credit Union pledged to match every dollar donated up to $30,000, starting on Tuesday.

The Michigan Department of Insurance and Financial Services said it also is "ready to assist the residents of northern Michigan as they begin to recover from the incredible devastation wrought by Friday's tornado, hailstorm, and power outages."

The Farm Bureau Insurance of Michigan, which sent a relief vehicle Saturday, warned that demand for services all at once, combined with existing supply chain problems, could lead to backups.

Auto body shops, for example, are "backed up five months because of their inability to get parts," the insurance company said. As a result, agents are advising that "if your car is drivable, drive it."

Repairs may take some time.

"This is the time to shine, to knuckle in, and to help out others," Timothy Martin, Farm Bureau Insurance's director of property claims, said. "We'll get through this, and we'll take care of everybody."

Farm Bureau Insurance, based in Lansing, said it expects to handle up to 1,200 auto and home claims from the storm and estimated its clients would have auto and home damage of $5 million to $10 million.

The tornado, classified as an EF-3, touched down at 3:35 p.m. Friday, the National Weather Service reported, and in more than 20 minutes, the 150-mph twister cut a 17-mile swath as it downed powerlines and trees, ripped off roofs, and flipped cars.

It also killed 2 women in their 70s in a mobile home park and injured 44 others.

Most of the property damage appeared to be downtown, although farms also are facing storm and hail damage, the insurance company said.

Otsego County and Michigan already have declared local and state emergencies.

The local state of emergency activates local emergency response and recovery plans, and the governor's declaration of a state of emergency for Otsego County allows state agencies to rush resources to affected areas.

In the state's letter to FEMA, it said the tornado touched down at 3:38 pm, 10 minutes after a warning was issued, and was on the ground for 26 minutes. Michigan tornadoes are typically on the ground just a couple of minutes.

The last time an EF-3 tornado hit Michigan was in 2012 in Dexter.

A decade later, the southeast Michigan city still bears the scars, with missing trees and rebuilt homes. Damages in that disaster were estimated at about $12 million. No lives were lost.

Farm Bureau Insurance said that in addition to agents, it sent a vehicle to Gaylord loaded with water, snacks and generators to help offer residents relief and also has been "writing checks on the spot."

And if you have insurance questions and need help with a claim, the state's insurance department said it is available from 8 a.m. to 5p.m. Monday through Friday at 877-999-6442.

Older

If gas-tax break is such a good idea, why wait?

Newer

Legislature advances home insurance reform bills

Advisor News

  • Industry groups applaud House passage of Financial Exploitation Prevention Act
  • Younger workers more likely to be eligible for a retirement plan after changing jobs
  • Bank of America community event unpacks sales tax hike, small business struggles
  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
  • How executive benefits impact an estate plan
More Advisor News

Annuity News

  • State Farm’s agency overhaul: What distribution can learn
  • IRI, ACLI express support for CLEAR Forms Act
  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
More Annuity News

Health/Employee Benefits News

  • KFF HEALTH NEWS: MEDICARE'S AI PUSH SNARLS PATIENTS AND DOCTORS IN ERRORS AND DELAYS
  • SPECIAL ENROLLMENT PERIOD NOW OPEN FOR INNOVATIVE HEALTH PLAN; HEALTHCARE PLAN; AND ACLP HEALTH PLAN ENROLLEES
  • Collinsville man, St. Louis woman charged in Illinois health fraud case
  • Enrolling in Medicare
  • Health Insurers Are Seeking Rate Hikes Again. Here Is What To Know
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Misr Insurance Company
  • State Farm’s agency overhaul: What distribution can learn
  • They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
  • How much do state residents need to retire comfortably?
  • How executive benefits impact an estate plan
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet