Oklahoma Shows Ambition To Establish Earthquake Reinsurance Pool

A Senate panel has passed a bill allowing the State of Oklahoma to establish an earthquake reinsurance fund, similar to that seen in California, ensuring the region has access to earthquake insurance following coverage inadequacy.

The new law enables the Insurance Commissioner to establish a state-backed reinsurance program should there be a lack of available earthquake insurance in the region, ensuring residents have access to vital protection.

via Seeking Alpha

photo via kfor.com

Oklahoma Shows Ambition To Establish Earthquake Reinsurance Pool

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