Insurance payments top $1B after May tornadoes, expected to rise
MOORE, Okla. – More than two months after the May tornado outbreaks, the insurance payments have now topped $1 billion.
This is still the beginning of the rebuilding stage, that number is expected to rise.
Oklahomans have filed nearly 91,000 claims since May 19 and some people are still dealing with unresolved insurance claims, which is not uncommon three to four weeks months after a large-scale disaster.
Oklahoma Insurance Commissioner John Doak said insurance payments continue to go up week after week.
Everything can’t be fixed overnight and they said they will be here for survivors until the last claim is paid.
The State Insurance Department is hosting a recovery assistance event next week to help address any issues people might have, like unresolved claims.
Multiple insurance companies, emergency management, FEMA and other city officials will be at the event as well to answer questions about debris removal, permits and other rebuilding issues.
The Recovery Round Up will touch on issues relating to all types of insurance including homeowners, auto, commercial property and life insurance.
The event is next Saturday, Aug. 17, at Southmoore high school from 9a.m. – noon.
You can also call the Oklahoma Insurance Department help line at 1 (800) 522-0071.
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