Two back-to-back ice
storms in December 2001 left Oklahoma reeling from damages, and it
turns out the original estimates were less than half of what the repair
costs will be.
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According to New Jersey-based Property Claims Service, insurance companies
will pay $40 million for damage caused by the storms. Earlier estimates
set the figure at $17 million. The figure is only for insured losses
and excludes deductibles and losses not covered under insurance policies.
According
to the state's Department of Insurance, Commissioner Carroll Fisher
approved applications by the State Farm, Shelter, and MetLife insurance
groups to use emergency adjusters. Other companies brought
already-licensed adjusters from out of state to quickly respond to
consumer needs. Ice between 2 and 3 inches thick severed power lines in
December and cut off power and communication to many of the state's
cities and towns. Fisher says his department is committed to working out any
insurance claims disputes to get claims paid in as quickly as possible.
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