Massive tornado bodes ill for homeowners insurance in Oklahoma and Kansas

Oklahoma tornado damage - homeowners insurance industry

Homeowners insurance claims teams deployed to states affected by disaster What is being called the worst tornado disaster in world history has caused havoc in Oklahoma and Kansas this week. A powerful tornado has touched down in Oklahoma, causing significant damage in Oklahoma City. Initial reports suggest that the tornado demolished an elementary school in one part of the city before moving on an causing more damage to surrounding properties. Farmers Insurance is one among several companies that have deployed claims teams to help manage the impact of the disaster…

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Insurance news in Oklahoma could stop controversial anti-fraud vehicles

Insurance news oklahoma cars

A new bill would remove the police package cars that were purchased by the state’s department. A bill in Oklahoma is making insurance news as it has now been passed by a Senate panel which would bar the state’s Insurance Department from being able to use the police package vehicles that it purchased for use by its anti-fraud investigators. The vote on Monday was unanimous for stopping the “specialized motor vehicle” use. The Senate General Government Committee released their insurance news relating to the vote which occurred on Monday. It…

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Insurance news made when state senator criticizes Oklahoma department decision

Insurance news oklahoma cars

The “police posture” that has been taken has raised many eyebrows, particularly after seeing the bill. There has been massive controversy over the latest insurance news from Oklahoma, where a state senator has now publicly expressed his concern over the recent purchases that have been made by the state’s Insurance Department. Senator Harry Coates (R-Seminole) intends to introduce a new bill to put a stop to the agency’s efforts. Senator Coates feels that the agency has taken on a “police-like posture” with its recent purchase of police package vehicles, shotguns,…

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Insurance news from Oklahoma has state Insurance Department buying guns

Insurance News Dodge Charger Car Police

The state Insurance Department is spending $180,000 on guns and police vehicles for anti-fraud efforts. The latest insurance news from Oklahoma has revealed that the state’s insurance officials have spent over $180,000 on bulletproof vests, high-tech shotguns, and seven police package vehicles which the Insurance Department claims are necessary for the expansion of its anti-fraud crackdown. The department’s effort to fight criminal fraud has drawn the attention of the entire country. Questions and concerns are being directed at the department, as some lawmakers wonder why it would require the nine…

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Oklahoma lawmakers look to expand liability protection to shelter providers

Lawmakers seek to provide comprehensive liability protection insurance… Last weekend, a number of powerful tornadoes swept through the state of Oklahoma, as well as its neighbors. According to the National Weather Service, 75 tornadoes touched down throughout the Midwest, many of which caused rampant damage throughout the region, especially in Oklahoma, where a powerful tornado claimed six lives. The total damage of the tornado outbreak is still be assessed by the insurance industry, but the event has spurred Oklahoma lawmakers to develop a comprehensive liability protection policy to help shelter…

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