Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ONEOK INC /NEW/ entered into Sworn Statement in Proof of Loss and Full and Final Settlement, Release, and Indemnity Agreement with Bison Prairie Assurance, L.L.C., certain North American, British, and/or Continental European insurers and reinsurers valued at $930 million (effective 2023-01-09).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Bison Prairie Assurance, L.L.C., certain North American, British, and/or Continental European insurers and reinsurers
- Value
- $930 million
- Effective
- 2023-01-09
Exact text from the filing
On January 9, 2023, ONEOK, Inc. (“ONEOK”) entered into a Sworn Statement in Proof of Loss and Full and Final Settlement, Release, and Indemnity Agreement (the “Settlement Agreement”) with Bison Prairie Assurance, L.L.C. (“Bison”), certain North American, British, and/or Continental European insurers who are parties thereto (the “Insurers”) and certain North American, British, and/or Continental European reinsurers who are parties thereto (the “Reinsurers”), to settle all claims for physical damage and business interruption related to the Medford incident that occurred in July 2022 (the “Insurance Claim”).
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