Former mayor, blue over loss of diamond ring, sues insurer

Former Tulsa, Oklahoma, Mayor Kathy Taylor is suing an insurance company and insurance broker over payments for a lost $4 million blue diamond ring, according to media outlets there.

The federal lawsuit filed in Tulsa seeks more than $75,000 and alleges AIG Property Casualty Co. paid $4 million for the loss but failed to cover the full value of the ring, the Tulsa World reported on Tuesday.

Meanwhile, a motion to dismiss the case filed by the broker, Integro USA Inc., asserts Ms. Taylor and her husband rejected a policy that would cover any increase in the value of the ring.

The newspaper reported that Ms. Taylor and attorneys for AIG and Integro didn’t return phone calls for comment.

Ms. Taylor 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, according to the newspaper.