Earthquakes send ripples through homeowners insurance industry in Oklahoma

Oklahoma Homeowners Insurance

Small quakes cause some concern in the homeowners insurance space A recent outbreak of earthquakes in Oklahoma has caused some waves in the homeowners insurance sector. Over the past month, several small earthquakes have been reported throughout the state. In many cases, these quakes are not large enough to cause any significant damage, often only knocking pictures or books from shelves. According to the U.S. Geological Survey, these quakes range in magnitude from 2.8 to 4.3, barely enough to be felt by anyone, but enough to cause some concern. Frequency…

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Health insurance law finds opposition in Oklahoma

Oklahoma Health insurance

Oklahoma refuses to take action on health insurance law Controversy has ignited in Oklahoma, where Insurance Commissioner John Doak has announced that the Oklahoma Insurance Department refuses to enforce the Affordable Care Act. The state agency is meant to ensure that the numerous provisions of the federal law are enacted throughout the state, such as the establishment of a health insurance exchange. The Affordable Care Act has been meeting strong resistance in Oklahoma, which may mean that the federal government will be taking over the enactment of the health care…

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Health insurance exchange meets opposition from 29 states

Health Insurance regulation

States refuse to build their own health insurance exchange programs The 29 states that combated the Affordable Care Act for the past two years are now resisting the establishment of health insurance exchanges. These exchanges are required by the federal health care law to be built in each state. Health insurance exchanges are designed to provide consumers with affordable access to coverage and allow U.S. citizens to more easily comply with the law’s health insurance mandate. The states opposing the establishment of health insurance exchanges argue that the health care…

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Oklahoma Insurance Department sends aid for Oklahoma fire victims

Creek County Fires

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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Affordable Care Act still has its enemies

Oklahoma Health Care Reform

Oklahoma showing strong resistance to Affordable Care Act Last month, the U.S. Supreme Court declared that the Affordable Care Act, as well as its multitude of provisions, as constitutional. The ruling itself has caused a great deal of drama in the country’s political structure, with several states still keen to oppose the law at every turn. This opposition is clear in Oklahoma, where the law’s provision that makes health insurance mandatory for every citizen has come under fire from state residents and officials. Insurance mandate continues to be controversial issue…

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