Oklahoma announces $25M settlement over earthquake claims
April 4, 2021
OKLAHOMA CITY (AP) — Oklahoma's attorney general and state insurance commissioner announced Monday a $25 million settlement with Farmers Insurance over the company's handling of earthquake claims.
A state investigation into the California-based insurance company found that Farmers denied or failed to properly pay about 1,000 earthquake claims submitted by Oklahomans who had purchased earthquake coverage, according to a press release from Attorney General Mike Hunter and Insurance Commissioner Glen Mulready.
As part of the settlement, the company will re-evaluate claims using an independen...