Former Tulsa mayor says $4 million payout for lost ring inadequate

The Associated Press and The Tulsa World - October 18, 2017 11:49 am

TULSA, Okla. (AP) – The former mayor of Tulsa, Oklahoma, is suing an insurance company and broker because she says the $4 million she received for a lost blue diamond ring isn’t enough.

The Tulsa World reports that Kathy Taylor’s federal lawsuit filed in Tulsa seeks more than $75,000. It alleges AIG Property Casualty Co. paid $4 million for the loss, but hasn’t covered the ring’s full value.

The insurance broker, Integro USA Inc., filed a motion to dismiss the case in which it says Taylor and her husband rejected a policy that would have covered any increase in the ring’s value.

Neither Taylor nor attorneys for the companies returned the newspaper’s phone calls seeking comment.

Taylor says she lost the ring while vacationing in California when she took it off to wash her hands and forgot to put it back on her finger.

 

Latest Stories

Rep. Humphrey Bill Would Open Bigfoot Hunting Season

OKLAHOMA CITY – State Rep. Justin Humphrey, R-Lane, this week filed legislation that would establish a...

Ark City woman sought in connection with missing/endangered child

Melissa Ingram-Perdue thought to be in custody of her 3-month-old daughter ARKANSAS CITY, Kan. (January 21,...

Government Contracting Workshop Offered

  Ponca City, OK – A Government Contracting Workshop is being held at City Central hosted...