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Oklahoma regulators concerned about rise in quake insurance premiums.

Global Banking News-May 25, 2016--Oklahoma regulators concerned about rise in quake insurance premiums

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Global Banking News - 25 May 2016

Regulators in Oklahoma have raised concerns about rising quake insurance premiums in the state.

Regulators said that they were concerned with spiking rates for earthquake insurance coverage and diminishing competition among insurers. They said that they could require firms to submit plans for proposed rate increases for prior approval.

Oklahoma is facing a higher number of earthquakes because of an increase in oil and natural gas disposal wells.

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Publication:Global Banking News (GBN)
Geographic Code:1U7OK
Date:May 25, 2016
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