Oklahoma insurance for wind and hail coverage may lead to significant losses

Insurance news

Insurers in the state will face costs estimated at $400 million. The severe weather in the state last week could lead Oklahoma insurance companies to have to pay an estimated $400 million to cover insured property damage, according to an industry group. At the same time, a major insurer has claimed that the high winds and hail were not considered to be catastrophic. According to the Oklahoma Farm Bureau Insurance vice president of public affairs, John Wiscaver, “From the standpoint of comparing this to the hail event we had a…

Read More