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Global Insurance Symposium Shapes Future of Industry

Global Insurance Symposium Shapes Future of Industry
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

Insurance commissioner: If April showers bring May flowers, get flood insurance

Insurance commissioner: If April showers bring May flowers, get flood insurance By Oklahoma Insurance Commissioner Glen Mulready As a resident of Tulsa for the past 25 years, it was devastating to watch our neighbors’ homes destroyed in May 2019. It was emotional because it was not just the building itself they lost, but also the contents. When my boys and I went out to help clean the waterlogged neighborhoods, we found pictures, keepsakes, kids’ drawings and letters from loved ones all things that can’t be replaced. We are back to April two years later and I want all Oklahomans to ask themselves if they have the necessary insurance coverage to mitigate its consequences. 

Insurer Agrees to $25M Settlement Over Oklahoma Earthquake Claims

(Courthouse News photo/Amanda Pampuro) OKLAHOMA CITY (CN) Home insurer Farmers Insurance will pay $25 million to settle allegations it underpaid or denied over 1,000 earthquake damage claims relating to a spike in seismic activity in the wake of fracking in the Woodford Shale. Oklahoma Attorney General Mike Hunter and Oklahoma Insurance Commissioner Glen Mulready, both Republicans, announced the deal Monday. They say Farmers “overwhelmingly denied” the claims filed after the increase in earthquakes began in 2013. “In certain cases, Farmers justified denial of coverage based on its claim that the damage to the insureds’ property was not caused by an earthquake and/or predated the seismic activity,” their six-page complaint filed April 1 states. “However, Farmers, in most instances, had not conducted inspections of the property prior to issuing the earthquake policy to support such denial of coverage. In other cases, Farmers utilized inadequately trained claims adjuste

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