OGLE, AND METEOROLOGIST BRADSOWDER. >> FROM EARTHQUAKECOVERAGE TOBUILDING STANDARDS TO WITHSTANDSEVERE WEATHER, WE ARE JOINEDLIVE FROM JOHN -- JOHN DOAK. THANK YOU FOR TAKING THE TIMEOUT OF A VERY DIZZY -- VERY BUSYSCHEDULE. >> IT IS GREAT TO BE HERE. A REUTERSINVESTIGATIONRECENTLY FOUND THAT SEVERALINSURANCE COMPANIES HAVEINCREASED THEIR PREMIUMS 260%FOR EARTHQUAKES. IS THIS LEGAL?>> IT IS LEGAL BECAUSE OKLAHOMAIS A USE AND FILE STATE FOREVERYTHING WE HAVE. BUT ONE OF THE THINGS WE ARETAKING A CLOSE LOOK AT IS WEHAVE A PUBLIC HEARING COMING UPON MAY 14, NEXT WEEK, TO TAKE ALO AT WHERE WE HAVE SOME FOLKSCOMING IN. AN CONSUMERS WOULD LIKE TO COMEIN AND TALK ABOUT RATES, WEWOULD LIKE TO UNDERSTAND WHAT ISHAPPENING. MAKING SURETHAT THAT ISADEQUATE, THIS IS RELATIVELY NEWPHENOMENON FOR US. THOSE RATES ARE REALLYSOMETHINGWE ARE GOING TO TAKE VERY VERYCLOSE SCRUTINY AT. AND THE DEDUCTIBLES. THE DEDUCTIBLES CAN BEASTRONOMICAL. IS THERE SOMETHING YOU CAN DO?>> NO. THE EARTHQUAKE DEDUCTIBLES ARESET NATIONWIDE. THE WAY THAT IT IS PRICEDISTYPICALLY BETWEEN A TWO TO 10%PREDICTABLE -- TWO TO 10%ADAPTABLE. IT IS $2000. IT CAN GO UP. GIVEN THE CATASTROPH LOSSESOVER THE PAST FEW YEARS AS YOUGO BACK TO THE CALIFORNIAEARTHQUAKES, WHENEVER YOU HAVE AMAJOR QUA, THE DAMAGE AND THEFINANCIAL LOSSES CAN GET INTOTHE HUNDREDS OF MILLIONS OFDOLLARS. >> WHAT WOULD YOU OR ADVICE BETO SOMEONE WATCHING?>> CHECK YOUR POLICY.
UNDERSTAND THE TERMS ANDCONDITIONS. EARTHQUAKE COVERAGE NEEDS TO BEADDED BUT IF YOU DO NOT HAVECOVERAGE FOR EARTHQUAKE, YOU ARESELF INSURING. THAT MEANS YOU ARE TAKING ONTHAT FINANCIAL RISK BY YOURSELF. IF YOU WANT TO OFFLOAD PART OFTHAT ONTO TO THE INSURANCECOMPANY, WE KNOW THAT IN THEAREA, YOU NEED TO DETERMINE IFTHAT IS A GOOD BUSINESS DECISIONFOR YOU. IF YOU CAN WITHSTAND TO LOSEYOUR HOME DUE TO AN EARTHQUAKE,FOR ANY PARTICULAR REASON, THENYOU ARE SELF INSURING, BUTOTHERWISE THE RATES ARE IN AFTERMOVING A BIT. WE HAVE THELOW-LEVEL FREQUENCY,BUT WITH THOSE LOW-LEVELFREQUENCIES, WE KNOW THERE ISGOING TO BE A STRONGEREARTHQUAKE LIKE WE HAD A COUPLEYEARS AGO IN LINCOLN COUNTYWHERE FOLKS LOST THEIR ENTIREHOMES. >> WE HAVE A LOT MORE QUESTIONSFROM VIEWERS AND WILL GET TOTHOSE IN THE NEXT SEGMENT AT IWANT TO MOVE TO SEVERE WEATHERBECAUSE WE ARE IN MAY. WE ARE CALLING FOR A DIFFERENCEOR BETTER BUILDING STANDARDS TOWITHSTAND TORNADOES OR STRONGSTORM DAMAGE. WHO WOULD PAY FOR THAT?MAYBE THE HOME FI -- THEHOMEBUYER?THAT IS HOW IT WOULD WORK. AFTER SEEING OUR LOSSES AROUNDTHE STATE, WE KNOW THAT STRONGERBUILDING CODES WOULD ACTUALLYHELP OKLAHOMANS. THIS IS SOMETHING I AM TAKING ALEADERSHIP STAND ON. OUR STATEWIDE CODES NEED TOIMPROVE. WE NEED TO WITHSTAND WINDS OF140 MILES AN HOUR BECAUSE OURWEATHER FOLKS WOULD TELL US 90%OF ALL TORNADOES AND STRONGWINDS ARE IN THAT EF1-EF2, WHICHARE 130 MILE AN HOUR WINDS. WE KNOW THAT OTHER COMMUNITIESARE LOOKING AT THIS. IT WOULD COST A LITTLE BIT MOREFOR THE HOMEBUILD AGAIN, SOMEOF THE RECENT STUDIES OUT THERE,OKLAHOMA WOULD GLADLY PAY THATEXTRA ONE OR 2 MORE TO MAKESURE THEIR HOME WOULD WITHSTANDTHAT TYPE OF WIND. >> IS THERE ANYTHING YOU CAN DOTO REGULATE MOBILE HOMES?WE EVEN HAVE VIDEO OF YOUSURVEYING SOME OF THAT DAMAGE. >> IT IS TRAGIC. TIE DOWNS ON MOBILE HOMES ISSOMETHING THAT I NEED --SOMETHING THAT I THINK NEEDS TOGET STRONGER. I KNOW SOME FOLKS ARE THINKINGABOUT MOBILE HOMES YOU BURYFURTHER IN THE GROUND, BUT THOSE