Oklahoma News

Oklahoma Wildfire Damage Estimates Increased to $30M

An Oklahoma insurance official says insured losses from recent wildfires that destroyed more than 100 structures in Oklahoma are expected to reach $30 million. Assistant Insurance Commissioner Marc Young says that figure is based on tracking information from major carriers …

The Weather Goblins

Who let the weather goblins out? Tornadoes, wildfires and floods, oh my! With all the weather related disasters out in full force this (and seemingly every) spring, there should be some kind of scary, Halloween-type holiday to acknowledge the violent …

Business Moves

INSURICA North America Group, a privately held independent insurance agency headquartered in Oklahoma City, is bringing each of its insurance management partners together to form INSURICA, The Insurance Management Network. The company, which is celebrating its 50th anniversary, felt the …

Declarations

A Devastating Experience “Losing everything is an unimaginable and devastating experience. … Oklahoma’s professional agents and adjusters are poised to respond.” —Oklahoma Insurance Commissioner Kim Holland has declared a state of emergency to allow insurance companies to more rapidly respond …

The Weather Goblins

Who let the weather goblins out? Tornadoes, wildfires and floods, oh my! With all the weather related disasters out in full force this (and seemingly every) spring, there should be some kind of scary, Halloween-type holiday to acknowledge the violent …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …

Insured Losses From Oklahoma Fires Estimated at $20M

Insured property losses from recent wildfires in Oklahoma could reach $20 million dollars, according to Southwestern Insurance Information Services president Jerry Johns. Johns said “catastrophic and huge” claims are expected. He says a better estimate will be available within a …

State Farm Expects $10M-plus Loss From Oklahoma Fires

Oklahoma’s largest insurer expects to see more than $10 million in home and automobile damage claims from recent wildfires. State Farm Insurance spokesman John Wiscaver said the company is working on more than 1,000 claims from the fires. State officials …

Oklahoma AG: Emergency Price Gouging Statute Now in Effect

Oklahoma Attorney General Drew Edmonson announced that the state statute prohibiting price gouging has gone into effect following the devastating fires and violent weather that have plagued the state recently. The Oklahoma Emergency Price Stabilization Act was triggered after Governor …

Oklahoma Commissioner Declares Emergency After Wildfires

Oklahoma Insurance Commissioner Kim Holland has declared a state of emergency to allow insurance companies to more rapidly respond to the recent Oklahoma wildfires. The declaration enables emergency adjusters to be temporarily licensed to expedite the insurance claims process. “My …