Insured property losses from recent wildfires in Oklahoma could reach $20 million dollars, according to Southwestern Insurance Information Services president Jerry Johns. Johns said “catastrophic and huge” claims are expected.
He says a better estimate will be available within a week but predicts the number will not be much lower than the $20 million dollar figure is a real possibility.
Spokesman John Wiscaver of State Farm Insurance said his company alone expects more than $10 million in home and automobile damage claims.
Officials say the fires that began in dry, windy conditions April 9 destroyed 100 to 150 homes statewide.
Information from: The Oklahoman,
Topics Profit Loss Oklahoma
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