As news reports question the lack of shelters in Oklahoma, insurance experts say that Tornado Alley residents are more prepared than ever to handle tornado damage.

Oklahoma Insurance Commissioner John Doak said damages from the Moore, Okla. tornado may exceed $3 billion while AIR Worldwide estimates that the replacement value of damaged properties around the track of the tornado could be as high as $6 billion.

Oklahoma Insurance Commissioner John Doak said damages from the Moore, Okla. tornado may exceed $3 billion while AIR Worldwide estimates that the replacement value of damaged properties around the track of the tornado could be as high as $6 billion.

Average tornadoes move at less than 35 miles per hour and last just a few minutes, but yesterday a two-mile wide EF4 tornado packing 166 to 200 mph winds ripped through the suburbs of Oklahoma City for 40 minutes.

More than 20 tornadoes roared through the Midwest Sunday, and reports promise continuing severe weather today.

Under the proposal, the states current 2,000 registered gun owners and all future buyers would have to take out a $250,000 policy covering damage from any gun use, even willful and illegal acts.

Under the proposal, the states current 2,000 registered gun owners and all future buyers would have to take out a $250,000 policy covering damage from any gun use, even willful and illegal acts.

Tornadoes late May 15 in north-central Texas damaged multiple homes, killing six people and injuring 100.