AIR Worldwide: Cost To Replace Properties Near Oklahoma Tornado Valued At $2 Billion To $6 Billion

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AIR Worldwide on Tuesday provided an early estimate of damage caused by the massive tornado that ravaged Moore, Okla., on Monday.

AIR Worldwide said the replacement value of properties within a 0.4-mile buffer on either side of the tornado’s track — meaning a 0.8-mile wide path — is about $2 billion. Replacement value of properties within one-mile of the track — meaning a two-mile wide path — is about $6 billion.

The catastrophe-modeling company was careful to say that damage closer to the tornado would have been worse and the exposure a mile from the track would be less than properties within 0.4-miles of the tornado’s track.

“In all, this system produced 22 tornadoes on May 20, largely in Oklahoma, although tornadoes were also reported in Missouri, Texas, Kansas, Arkansas, and Colorado,” said Tim Doggett, senior principal scientist at AIR Worldwide. “However, of these 22 tornadoes, the Moore event was by far the most damaging. Many localized hailstorms occurred in the region as well, with quarter-size hail noted in Missouri and baseball-size hail reported in Osage County, about 100 miles northeast of Oklahoma City.”

Doggett said, “An official estimate of the number of destroyed homes has not yet been released; however, the 1999 EF-5 tornado that followed a similar path to Monday’s EF-5 Moore tornado destroyed more than 8,000 homes.”

About Matthew Sturdevant

Full-time staff journalist at The Hartford Courant and magazine freelancer with a master's degree in writing from Dartmouth. My work has appeared in The Los Angeles Times, The Chicago Tribune, Taiwan News, The Baltimore Sun and many other news sources. My blog has been referenced by Politico.com, the Kaiser Family Foundation, the Georgetown Law Library and a number of organizations in healthcare and business. Sturdevant’s blog is "a well-written wealth of ideas," said The Donald W. Reynolds National Center for Business Journalism, (businessjournalism.org, May 18, 2011). I have experience writing for newspapers, magazines, Web sites and blogs as well as shooting and editing video. I made regular appearances on news-talk radio and on the NBC affiliate station in Corpus Christi, Texas. I made occasional appearances on the Fox affiliate in Connecticut promoting Hartford Courant articles.

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