Following a rash of earthquakes, a state lawmaker says he plans to file a bill to require insurance companies to notify Oklahomans whether their policies cover property damage caused by earthquakes.
Rep. Mike Shelton of Oklahoma City filed a bill last year that would have required insurance companies to notify Oklahomans who are purchasing or renewing an insurance policy whether the policy covers losses caused by earthquakes. Shelton says the measure was opposed by the insurance industry and died in a House committee.
Three large insurance companies are planning to offer health policies to individual Oklahomans at rates ranging from less than $100 to more than $1,000 per month through the new insurance marketplace being set up under the Affordable Care Act.
The rates posted by Aetna Life Insurance Co., Blue Cross Blue Shield of Oklahoma and Coventry Health & Life Insurance Co. for policies they will offer under the health-care law vary widely based on age, geographic location, tobacco use and plan type.