One Allstate Insurance customer complained the adjuster said there was no hail damage while the neighbor’s roof was being replaced due to hail:
I had a hail storm happen in my neighborhood in July 2015, and many roofs (over 100 in my area based on roofing permits issued in the village I live in) were
Business fires can bankrupt a company. There’s a lot at stake in business fires. The company’s loss may not just be a building and the contents. It may interrupt the income stream. If so, then the financial impact may extend to the employees.
The typical business is insured for loss of property and usually the
The number of fires in Oklahoma as the year closed were significant. Almost everyday, you heard or read about another fire. Some days there were multiple fires. House fires, apartment fires, mobile homes, restaurant fires, businesses hit by fire, the list goes on and on. Sources such as space heaters, grease fires, fire places, electrical
Hail damage hits the bottom line of an insurance company’s net profits in Oklahoma. Some years the number of hail claims is much greater, making less profits for the insurance industry. Other years the hail losses are greatly reduced. The decrease in hail claims allows insurance companies like State Farm to make greater profits. The
A fire started in a horse training facility that killed 23 horses and destroyed the property. It was reported the fire broke out in the early morning hours. The owner said six employees entered the burning barn trying to save as many of the horses as possible. Owner, Eric Reed, called his staff “heroes
Oklahoma fire claims increase during the winter months. Trapped inside, people use friendly fire as a source of heat. Candles are lit for the holidays for atmosphere. Oklahomans enjoy the warmth of a fireplace on a cold day. The fires are all intentionally lit. A sometimes unexpected cause of fire is the common clothes dryer.
Insurance is intended to protect the insurance company customer (“insured”) from fire damage. The policy holder pays the premium for fire insurance. If the property catches fire, the insurance pays for the losses. Obviously, the customer cannot commit arson. Intentionally burning your house or property is a crime. It is also illegal to present a
Insurance claims can be expected from apartment building fires. When an apartment complex is faced with a fire, the consequences can be severe. The damages affect the tenants in the units, the complex owner, the property manager, and the insurance companies that provide coverage for the fire damage.
In a recent fire in Tulsa,
“Captain
Plaintiff filed a lawsuit against her automobile insurance carrier, Granite Insurance Company (“Granite”), for breach of contract and bad faith in investigating her insurance claim. Plaintiff also named as a Defendant American International Group (“AIG”), the holding company for Granite. Granite is one of AIG’s subsidiaries. There was no question in this case that the
