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Mulready: Rising construction costs can affect insurance


Mulready: Rising construction costs can affect insurance
By: Glen Mulready
Guest Columnist
August 2, 2021
Glen Mulready
If you recently started a home improvement project, you probably have noticed the rise in construction costs. According to Verisk’s (ISO) most recent 360Value Quarterly Cost Update, total reconstruction costs increased 8.1% countrywide, on average, between January 2020 and January 2021. Lumber, iron, steel and labor costs all have increased. And increases are not exclusive to building materials. Rising costs may also affect your homeowners insurance.
Homeowners insurance covers the cost to rebuild or repair your home after a loss, and construction costs directly correspond with that. As construction costs increase, it’s important to review your policy with your insurance agent or company to ensure your policy limits and coverages offer adequate protection. Here’s some advice: ....

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Governor Kevin Stitt likely to name Tulsa attorney as Oklahoma AG


Hunter was appointed attorney general in 2017 by former Gov. Mary Fallin after then-attorney general Scott Pruitt was named head of the Environmental Protection Agency. Hunter won election to a four-year term in 2018 and was planning to run for another term next year.
O’Connor did not respond to an email inquiry Thursday about being named attorney general. He will be in office for only a little under 18 months unless he runs and wins election to the job.
He was born in Tulsa in 1954, received a bachelor’s degree from Oklahoma State University in 1977 and his law degree from the University of Tulsa in 1980, according to a questionnaire he completed in 2018 for the U.S. Senate Judiciary Committee. ....

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