Insurer To Pay $100K In University Homecoming Parade Crash
Associated Press
STILLWATER, Okla. (AP) — An insurance provider whose imprisoned client drove into a crowd at Oklahoma State University's 2015 homecoming parade will provide $100,000 to the victims.
The Oklahoman (http://bit.ly/2s9hOM9 ) reports a judge is expected to decide how the money will be divided during an August hearing.
An attorney for Farmers Insurance says the victims, along with medical care and insurance providers, won't receive a lot of money. He says that's common when there isn't enough insurance proceeds to pay for an accident's full damages.
The crash killed four people and injured dozens of others.
Prosecutors allege the driver, 27-year-old Adacia Chambers, sped up before slamming into the parade spectators. Chambers' attorneys say she has a mental illness and experienced a psychotic episode at the time of the crash.
Chambers pleaded no contest to second-degree murder in January. She was sentenced to life in prison.
NC legislators approve zip line bill
Pittsburgh bishop calls Senate GOP health care bill ‘morally unacceptable’
Advisor News
- DOL proposes new independent contractor rule; industry is ‘encouraged’
- Trump proposes retirement savings plan for Americans without one
- Millennials seek trusted financial advice as they build and inherit wealth
- NAIFA: Financial professionals are essential to the success of Trump Accounts
- Changes, personalization impacting retirement plans for 2026
More Advisor NewsAnnuity News
- F&G joins Voya’s annuity platform
- Regulators ponder how to tamp down annuity illustrations as high as 27%
- Annual annuity reviews: leverage them to keep clients engaged
- Symetra Enhances Fixed Indexed Annuities, Introduces New Franklin Large Cap Value 15% ER Index
- Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
More Annuity NewsHealth/Employee Benefits News
- Medicare Advantage Insurers Record Slowing Growth in Member Enrollment
- Jefferson Health Plans Urges CMS for Clarity on Medicare Advantage Changes
- Insurance groups say proposed flat Medicare Advantage rates fail to meet the moment
- As enhanced federal subsidies expire, Covered California ends open enrollment with state subsidies keeping renewals steady — for now — and new signups down
- Supervisors tackle $3.1M budget deficit as school needs loom
More Health/Employee Benefits NewsLife Insurance News