Oklahoma insurance commissioner declares emergency to speed claims after tornadoes
Oklahoma Insurance Commissioner Kim Holland issued an emergency order to help speed assistance to those who had property damaged or destroyed in Mondays tornadoes.
BY DON MECOY •
Modified: May 12, 2010 at 1:15 am • Published: May 12, 2010
Oklahoma Insurance Commissioner Kim Holland issued an emergency order on Tuesday aimed at speeding up insurance claims in the state in the wake of Monday’s deadly horde of tornadoes.
The declaration, which is routine in cases of widespread insured property losses, enables emergency claims adjusters to be licensed temporarily to expedite the insurance claims process and provide immediate assistance.
Dozens of homes and businesses were destroyed by Monday’s severe weather.
"I am working to make sure companies are able to bring in experienced adjusters from other states to expedite the claims process,” Holland said in a statement.
Holland’s order allows for emergency adjusters to be licensed for 90 days and to adjust claims related to Monday’s severe storms.
Assistant Insurance Commissioner Marc Young said it would take days or weeks before an estimate of insured losses will be available.
Jerry Johns, president of Southwestern Insurance Information Service, said insurance companies are expecting thousands of claims on residents’ homes, businesses and vehicles damaged or destroyed by the storms.