Jerry Johns, President of Southwestern Insurance
Information Services in Austin says Oklahoma’s insured property
losses from last week’s wildfires could reach $20 million. The insurance expert said property owners have been somewhat slow to file
claims but experts are expecting those claims to be
“catastrophic and huge.”
Johns said a better estimate of insured losses would be
available within a week, but “it won’t be significantly lower than $20
million.”
The state Insurance Department declared an emergency after fires claimed more than 100 homes, clearing the way for insurance companies to bring in out-of-state adjusters to handle the workload with temporary state licensing.
Excerpted from TulsaWorld.com.
The state Insurance Department declared an emergency after fires claimed more than 100 homes, clearing the way for insurance companies to bring in out-of-state adjusters to handle the workload with temporary state licensing.
Excerpted from TulsaWorld.com.
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