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
Being accused of insurance fraud is a serious offense. Regardless of the circumstances, your reputation is on the line. In this case, State Farm was alleged to have defrauded the United States government by avoiding the payment of storm claims under homeowners’ insurance policies. State Farm was said to have improperly shifted the burden for
Oklahoma’s freezing temperatures cause water lines to freeze and break. Most of us think of winter as the accumulation of snow or ice. Ice can be a major cause of damage to a home, but broken pipes is another type of winter weather that creates insurance claims. Is water damage to a house and personal
