海角大神

Once the dust settles and the victims have been accounted for, Moore, Okla., will begin the gargantuan task of rebuilding itself, after an F-5, the highest possible in terms of wind speed and intensity, touched down there Monday, leveling everything in its path. It鈥檚 a task that, based on similar disasters, will take billions of dollars in federal and state aid, insurance claims, and charitable donations.

Moore has been through this before. In May 1999, a tornado, ripped through the Oklahoma City suburb, killing 36 and destroying 8,000 homes, costing $1.1 billion in damage. It was the costliest tornado disaster on record until 2011, when a tornado hit Joplin, Mo., and killed 161 people, costing about $2.8 billion in damage.

It鈥檚 early yet, but this week鈥檚 tornado likely won鈥檛 be quite that deadly or costly. But as Moore begins clearing away debris and rebuilding, here鈥檚聽 a breakdown of where the influx of relief money will come from, and what it will be used for.

Insurance

Tornadoes cost insurance companies a lot of money.聽 The Joplin tornado marked the biggest insurance payout in the history of Missouri, with 61,000 claims generating $2.16 billion by May 2012, according to a data analysis from the Insurance Information Institute. Per the same study, the bulk of the payouts went not to private owners but commercial policyholders, who received about 64 percent of the money ($1.39 billion). Homeowners received approximately $675 million, or 31 percent of the total claims. A good chunk of that money likely went toward rebuilding 鈥� Joplin issued building permits for $310 million worth of construction in the year following the tornado.

Because of these massive payouts, insurers鈥� stock prices tend to take substantial hits in the wake of natural disasters. The latest tornado is no exception. Travelers, a property insurer, saw its share price fall 2.2 percent on Tuesday, while Allstate fell 1.5 percent.

鈥淭his mirrors Joplin, for sure,鈥� State Farm spokesman Jim Camoriano told Bloomberg. 鈥淚t is the same horrible caliber of disaster.鈥澛�

Federal and state aid

Oklahoma governor Mary Fallin said in a Tuesday press conference that her state would dip into a 鈥渞ainy day savings account鈥� 聽to match federal relief funds for Moore. Oklahoma received about $67 million in federal relief funds for the 1999 tornadoes; 12 years later, Joplin received about $350 million total (including a $131 million package in additional aid approved by Congress this past March).聽 An estimated 20 percent of federal aid in Joplin was spent just on clearing away debris.聽 The rest goes to temporary housing needs and ongoing infrastructure, like rebuilding schools.

Charitable donations

The American Red Cross, United Way, Salvation Army, and a slew of other charities are accepting donations for Moore. The funds those organizations receive will go largely to immediate needs, like food, water, temporary shelters, and medical care.聽 According to the Joplin Globe, $32 million in relief money had been raised there by the end of May 2011, including $6 million from the Salvation Army and $5 million from the Red Cross (the total did not include donations made to the city's churches and church-affiliated charities).

The Moore disaster has already attracted a few huge private donors. NBA superstar Kevin Durant, who plays for the nearby Oklahoma City Thunder, donated $1 million to the Red Cross, and the Thunder organization matched his donation. Chesapeake Energy Corp. has said that it will donate $1 million to the Red Cross as well.聽