Oklahoma and Texas Experience the Costliest Natural Disasters

The Insurance Information Institute released a report detailing the insurance payouts for natural disasters in 2013. Oklahoma and Texas topped the list, with $2 billion and $1.5 billion, respectively, in payouts.

Carol Christian shares news of a new report from the Insurance Information Institute, which gives a dubious distinction to the states of Oklahoma and Texas, which last year had “the nation's highest insurance payouts related to natural disasters.”

“Oklahoma topped the list with 2013 payouts of nearly $2 billion, while Texas was in second place at $1.51 billion in insured losses.” Christian also pointed out that Texas achieved that unfortunate distinction in a non-hurricane year.

By way of historic perspective: “In 2012, New York and New Jersey led the United States in catastrophic losses due to Hurricane Sandy, according to the institute.” And “Over the past 30 years, Texas has had the second-highest catastrophic losses, at nearly $49 billion. Only Florida, with $66.7 billion, topped the Lone Star State's disaster tally.”

Full Story: Texas and Oklahoma lead nation in costliest natural disasters

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00