Insured property losses from recent wildfires in Oklahoma could reach $20 million dollars, according to Southwestern Insurance Information Services president Jerry Johns. Johns said “catastrophic and huge” claims are expected.
He says a better estimate will be available within a week but predicts the number will not be much lower than the $20 million dollar figure is a real possibility.
Spokesman John Wiscaver of State Farm Insurance said his company alone expects more than $10 million in home and automobile damage claims.
Officials say the fires that began in dry, windy conditions April 9 destroyed 100 to 150 homes statewide.
Information from: The Oklahoman, www.newsok.com
Topics Profit Loss Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
France Makes New Arrests in Louvre Heist; Jewels Still Not Found 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
