Oklahoma Car Insurance Payments from May Tornadoes Top $80M

Car insurance claims from disastrous tornadoes that struck Oklahoma last month keep rolling in, as the state’s regulatory agency reported claim payout figures that currently are a little more than $80 million.

The Oklahoma Insurance Department (OID) reported this week that it has received nearly 31,700 private auto coverage claims related to a series of tornadoes that hit the state in May.

The May 19 and May 20 tornadoes have generated 21,218 Oklahoma car insurance claims and $61.4 million in paid losses so far, for an average payment size of $2,895 per claim.

The May 30 and May 31 tornadoes have generated 10,475 claims at $19 million in paid losses to date, for an average payment size of $1,820 per claim.

Claims filed under private car coverage from the May 19 and May 20 tornadoes outnumber all other types of coverage, making up about 52 percent of all claims from that disaster.

Claims filed under private car coverage from the May 30 and May 31 tornadoes make up about 35 percent of all claims from that disaster.

Thousands Now in Process of Rebuilding

Insurance losses have ballooned since the OID began reporting them early this month and are “proof of the dramatic impact the tornadoes” had on Oklahoma, according to John Doak, the department’s commissioner.

When the OID first reported losses from the tornadoes, personal auto coverage losses were at $30.5 million. By last week, that number had nearly doubled, while this week’s report from the OID added about $20 million more.

“Thousands of Oklahomans are now in the process of rebuilding their lives,” Doak said in a statement.

The OID is hosting weekly forums that began Tuesday night. OID representatives will discuss the claims process and take questions from attendees. Future forums begin at 6 p.m. on:
–June 24: Little Axe High School in Little Axe, Okla.
–July 2: Carney Community Center in Carney, Okla.
–July 9: Community Christian Church in Moore, Okla.
–July 16: El Reno High School in El Reno, Okla.

Victims of the tornadoes are encouraged to attend the forums for assistance with an insurance claims process, which “can be complicated,” Doak said.

OID representatives are also available in-person daily at Westmoore High School from 8 a.m. – 5 p.m. or by phone at 1-800-522-0071.

(Photo courtesy of State Farm)

About Charles Nguyen
Charles Nguyen is an enterprising journalist who reported for Patch.com and the Desert Dispatch and was the editor in chief of the Guardian (the twice-weekly newspaper at the University of California, San Diego) before coming to Online Auto Insurance News.

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