Following a rash of earthquakes, a state lawmaker says he plans to file a bill to require insurance companies to notify Oklahomans whether their policies cover property damage caused by earthquakes.
Rep. Mike Shelton of Oklahoma City filed a bill last year that would have required insurance companies to notify Oklahomans who are purchasing or renewing an insurance policy whether the policy covers losses caused by earthquakes. Shelton says the measure was opposed by the insurance industry and died in a House committee.
Shelton says the bill is about making insurers become transparent. He says many constituents who filed claims for earthquake damage have learned their policies don’t cover it.
Shelton says that since Saturday, at least 21 earthquakes have been recorded in central Oklahoma by the Oklahoma Geological Survey.
Was this article valuable?
Here are more articles you may enjoy.
Atmospheric River to Flood Pacific Northwest Through Week
Hermès Heir Sues Arnault and LVMH in $16 Billion Suit Over Lost Shares
Truckers Who Fail English Tests Get Pulled Off Roads in Trump Crackdown
Verlan Files Subro Suit Against Georgia Chemical Plant After $20M Payout on Fire