Tornado insured losses estimated at $2 billion-$5 billion

(Reuters) - Tornadoes that struck the United States from May 18 to May 20 caused anywhere from $2 billion to $5 billion in insured losses, disaster modeling company Eqecat said.

The firm said most of the losses were attributed to the tornado that devastated Moore, Oklahoma, last Monday.

Eqecat said some 76 tornadoes struck across 10 states over a three-day span. The worst of it was in Moore, where the firm said about 13,000 structures were damaged.

At the high end of the range, the outbreak may end up ranking as the second worst ever in terms of insured losses, behind only the late-April 2011 tornadoes that devastated Tuscaloosa, Alabama, and other communities.

(Reporting by Ben Berkowitz; Editing by Jeffrey Benkoe)

Source: http://news.yahoo.com/tornado-insured-losses-estimated-2-5-billion-modeling-105741846.html

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