Source: Oklahoma Insurance Department
OKLAHOMA CITY – The Oklahoma Insurance Department is taking a proactive step to protect Oklahomans who buy earthquake insurance. Today the Department released a bulletin to property and casualty insurance companies to address important issues surrounding earthquake insurance.
“We want to make sure everyone is clear on earthquake insurance,” said Oklahoma Insurance Commissioner John D. Doak. “Oklahomans need to know what they are buying. Insurers need to know my expectations regarding the interpretation of polices. And adjusters need to know how to evaluate an earthquake claim.”
OKLAHOMA CITY – Insurance claims filed in response to several May tornadoes jumped to 60,308 Tuesday, with insurance payments reaching $470,323,299.
“These numbers are already staggering, and this is just the beginning,” said Oklahoma Insurance Commissioner John D. Doak. “Many of the victims haven’t received their entire settlement checks yet, so that payment number will continue to go up for a while. This is something the state of Oklahoma is going to be dealing with for a long time. Those affected by the storms need to know that we’re here to help, for as long as it takes.”
Updated 5/21 - News Source: NBC News Photo Source: Getty Images
A monster tornado packing winds as strong as 200 mph roared through the Oklahoma City suburbs Monday, pulverizing block after block of homes, wrecking an elementary school and leaving fires burning out of control.
Crews were frantically searching an estimated 30 square miles of wreckage and only beginning to get a sense of the destruction as night fell. Initial reports from NBC affiliate KFOR said at least four people were killed in the suburb of Moore, including a mother and child, and hospitals reported several dozen injured.