2013's Costliest Catastrophes: Tornadoes

Oklahoma and Texas led in insured CAT loss payouts; overall, insured CAT losses declined compared to 2012.

INN Breaking News, February 11, 2014

Chris McMahon

Tornados that ripped through Oklahoma last May were the costliest natural disasters of 2013 in terms of insured losses in the United States, according to Robert Hartwig, economist and president of the Insurance Information Institute. And Oklahoma was the costliest state for natural disaster related insurance payouts that year.

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