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Oklahoma Insurance Commissioner issues bulletin to insurance companies on earthquake exclusions

Bulletin addresses concerns about causes of earthquakes, including fracking, and pre-existing damage

By Rosalie L. Donlon | Updated on March 06, 2015

Many people believe that the increase in the number of earthquakes in Oklahoma, among other states, over the last few years has been caused by changes in methods of oil exploration, particularly the use of water injection wells or hydraulic fracturing, better known as fracking. The situation has given rise to much debate, with valid arguments on both sides.

To protect property owners who buy earthquake insurance, on March 3 the Oklahoma Insurance Department released a bulletin to property and casualty insurance companies doing business in the state that addresses important issues surrounding earthquake coverage.

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