Oklahoma and Farmers settle for $25mn over unpaid earthquake claims
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Oklahoma and Farmers settle for $25mn over unpaid earthquake claims

Bernard Goyder
April 06, 2021
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road damaged by earthquake getty.jpg

Officials in Oklahoma have negotiated a $25mn settlement on behalf of Farmers Insurance policyholders over the mutual’s denial of earthquake claims, which the state argued were handled poorly.

The news comes after research on a spate of earthquakes in the state in the early 2010s revealed a possible link with wastewater injection by oil and gas well operators, as reported by Oil & Gas Journal.

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Topics

News Personal lines Farmers Insurance Claims and losses
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Bernard Goyder
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