Oklahoma Tornado Damage Could Top $2 Billion

MOORE, Okla. (May 22, 2013)—Preliminary damage estimates suggest that the cost of the EF-5 tornado that hit Moore, Okla., could be more than $2 billion, the Oklahoma Insurance Department said.

Spokeswoman Calley Herth told The Associated Press that the early tally of damages is based on visual assessments of an extensive damage zone stretching more than 17 miles and the fact that the tornado was on the ground for 40 minutes.

She says the monetary damage caused by Monday's tornado could be greater than the $2 billion in damage from the 2011 tornado that struck Joplin, Mo., which left a smaller, three-mile trail of destruction.

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