Data released at a May 24 hearing to determine the competitiveness of earthquake insurance coverage in Oklahoma shows that four insurance companies have 55 percent of the market in the state. That’s a concern for Insurance Commissioner John D. Doak, …
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on May 24 they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. At …
In testimony submitted to Oklahoma’s insurance commissioner, the American Insurance Association (AIA) has suggested that the state look at mitigation, rather than further regulation of the earthquake insurance market in order to alleviate concerns over lack of competition. Concerned about …
An earthquake has rattled parts of central Oklahoma. The U.S. Geological Survey says the 3.8 magnitude earthquake was recorded at 9:59 a.m. Sunday about two miles northeast of Luther, located about 28 miles northeast of Oklahoma City in Oklahoma County. …
As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Nearly 3,000 pages …
The Southern Hemisphere registered its strongest tropical cyclone on record during February with Tropical Cyclone Winston, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. With maximum sustained winds of 295 kph (185 mph), Tropical Cyclone Winston made landfall …
The power and frequency of earthquakes in Oklahoma have been increasing, but the Legislature has done little to try to curb the temblors that scientists have linked to the underground disposal of oil and gas drilling wastewater. That could change …
Gov. Mary Fallin approved the use of nearly $1.4 million in state emergency funds for state agencies working to reduce the increasing number of earthquakes that have been linked to the disposal of oil and gas wastewater in Oklahoma. Speaking …
Sandridge Energy has agreed to a plan from the Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) that will both reduce the volume of wastewater being injected in the Medford and Cherokee/Byron areas, and convert some wells from disposal …
In Oklahoma, now the country’s earthquake capital, people are talking nervously about the big one as man-made quakes get stronger, more frequent and closer to major population centers. Next door in Kansas, they’re feeling on firmer ground though no one …
