This should be good news for the Oklahoma property insurers.
There is sufficient frequency of wind/hail claims in Oklahoma that the actuaries should have no problem in determining the amount of rate increase necessary to assure adequacy under the newly enacted guidelines. Higher rates equate to higher opportunity for investment income which seems to be the primary profit center for PC insurers.
This should be good news for the Oklahoma property insurers.
There is sufficient frequency of wind/hail claims in Oklahoma that the actuaries should have no problem in determining the amount of rate increase necessary to assure adequacy under the newly enacted guidelines. Higher rates equate to higher opportunity for investment income which seems to be the primary profit center for PC insurers.