Insurance officials dispatched to Creek County The Oklahoma Insurance Department has dispatched a dozen insurance officials to assist consumers that suffered from the recent wildfires that rampaged through Creek County. The insurance officials will assist those affected by the disaster with claims and provide them with the resources necessary to ensure that their claims are filed appropriately and what steps to take thereafter. The Insurance Department notes that the move is to show Creek County residents that the agency is committed to providing the assistance they may need to navigate…
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Climate change could spark more wildfires around the world
Insurers becoming increasingly concerns over the effects of climate change Climate change is a highly politicized issue that has generated a great deal of controversy over the years. Though the issue has caused division in numerous industries and within the political world itself, it has been better received by the global insurance industry. Climate change and its potential effects have caused a great deal of concern amongst insurers who have long kept tabs on changes in environments and weather patterns. Because climate change could spur profound financial losses, insurers are…
Read MoreTexas drought costing billions in losses
While much of the South in inundated with water, Texas is suffering from one of the worst droughts in recent history. Last week, the level of drought rose a staggering 22%, putting the level at 48%. There have been more than 9,000 wildfires throughout the state, causing damage to some 400 homes and burning 2.2 million acres of land. Texas officials are seeking aid from the federal government to help mitigate the expected $3 billion in losses because of the severe drought. Farmers across the state are reporting damage to…
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