Oklahoma and Farmers settle for $25mn over unpaid earthquake claims
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

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

Bernard Goyder
April 06, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
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.

A

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsPersonal linesFarmers InsuranceClaims and losses
BG
Bernard Goyder
Gift this article