Okla. Ice Storm Estimate AT $17M

Oklahoma Insurance Commissioner Carroll Fisher announced that preliminary estimates show the insurance industry will pay $17 million in claims related to an ice storm that hit the state in late January. Fisher said he has approved the use of emergency adjusters for State Farm Insurance. State law permits the commissioner to allow companies to bring in adjusters from other states in emergency situations. Fisher said most calls to the Oklahoma Insurance Department relating to the ice storm have been from consumers wanting help understanding what is covered by their policy. Few, if any, have been complaints. “I have been pleased with the way the industry has handled this storm. It is stepping up to the plate to help people who have been affected by the storm,” Fisher said. He noted $17 million is what the private insurance industry currently expects to pay for damage to personal property. The figure excludes deductibles and is likely to change.

Topics Windstorm Oklahoma