Okla. Approves NCCI Values for Terrorism, Catastrophes

Oklahoma’s State Board for Property and Casualty Rates announced its approval of NCCI’s Item B-1393—Miscellaneous Values for Domestic Terrorism, Earthquakes, and Catastrophic Industrial Accidents.

The purpose of this item is to produce catastrophe provisions, by state, to address losses resulting from domestic terrorism, earthquakes and catastrophic industrial accidents. The effective date of the item is Jan. 1, 2005.