In a press release on Monday, Oklahoma Attorney General Mike Hunter announced that Insurance Commissioner Glen Mulready Farmers Insurance agreed to pay Oklahoma policyholders $ 25 million they refused or incorrectly failed to pay policyholders for earthquake damage coverage. 1  This earthquake agreement followed an investigation which revealed that farmers denied or wrongly damaged more than 1000 earthquake damages.
Consequently, farmers plan to reopen and revalue any eligible earthquake submitted by former State policyholders with the assistance of an independent third party. Administrator. If a policyholder has more than one eligible earthquake claim, all of their claims will be re-examined. "This is a huge win for Oklahomans who paid earthquake insurance premiums for farmers," said Attorney General Mike Hunter.