Oklahoma Quakes Jolts New Interest in Insurance
Posted:
Thursday, January 19th, 2012
Category:
Insurance Training
Understanding the nuts and bolts of property damage and insurance is an endeavor best undertaken with the help of a licensed insurance professional. To become one, LearnInsurance.com provides the best insurance licensing classes online leading to a property and casualty insurance license, in particular, or to an insurance license, in general.
Remember the raft of rattlers that swept across Oklahoma in October? Not only did that spell get nervous folks to revisit pronto their insurance policies and for insurance agents to take in earnest their continuing education in pursuit of their insurance licenses, but they also hastened the entry of a new company to write commercial earthquake insurance, said the Oklahoma Department of Insurance recently.
Insurance Commissioner John Doak revealed that his office has been getting “far more calls than usual from people asking about earthquake insurance.” Existing earthquake insurance writers in the state also reported a spike in interest in quake coverage after the temblors. Jeff Davis, a spokesman for State Farm, said their agents have also noted a surge of calls from homeowners wanting to buy earthquake insurance.
The new insurance agency, Van Wagoner Cos., will begin selling monoline commercial earthquake insurance as a surplus line in Oklahoma. The earthquake insurance will be available only through selected independent agents.
The entry of the new agency also highlights the increasing number of insurance companies competing for business in Oklahoma following the launch of the state’s “Open for Business” initiative. It’s a good sign for the industry, at least in Oklahoma, and for insurance professionals and aspirant agents.
LearnInsurance.com, provider of Oklahoma Insurance Continuing Education, can be the first place you can visit if you want to know more about insurance education.
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