Oklahoma - Latest Insurance News

Oklahoma Recovery Program Participants Sue Over Alleged Forced Labor

Oct 12 2017 // Participants in an Oklahoma-based substance recovery program allege they were required to work at a poultry processing plant without compensation under the threat of incarceration. Three participants filed a federal...

Oklahoma County’s Insurer to Pay $750K in Inmate Death Settlement

Oct 11 2017 // A settlement has been reached in a federal lawsuit over the 2013 death of a diabetic man who was denied medical treatment at a county jail in Oklahoma, according to court records. McClain County commissioners will pay...

Oklahoma Mulls Rule Change for Ex-State Employees, Officials Turned Lobbyists

Oct 9 2017 // The Oklahoma Ethics Commission is considering a rule change that would ban all state employees and officials from lobbying for two years after their tenure ends. The proposed rule change would create what Oklahoma...

Part of Oklahoma Workers’ Comp Law Overturned by State’s High Court

Oct 5 2017 // A divided Oklahoma Supreme Court has overturned part of Oklahoma’s workers’ compensation law concerning how workers are compensated for their on-the-job injuries. The court handed down the 5-3 decision with one...

Indiana’s American Inter-Fidelity Exchange OK’d to Sell Insurance in Arkansas

Oct 4 2017 // Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to an Indiana-based company to begin selling insurance products in Arkansas. Kerr has approved American Inter-Fidelity Exchange of...

Oklahoma Emergency Care Provider Will Take Insurer to Court over Legal Fees

Oct 3 2017 // An emergency medical care provider in Oklahoma has authorized its attorneys to take a liability insurance company to court if needed to force the business to pay a claim aimed at covering legal costs. Emergency Medical...

A.M. Best Assigns A- Rating to Oklahoma’s Trisura Specialty Insurance

Sep 29 2017 // A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Trisura Specialty Insurance Co. (Trisura Specialty), based in Oklahoma City. The ratings...

Despite Low Unemployment Rates, Many Oklahoma Residents Without a Job

Sep 26 2017 // Many Oklahoma residents are out of the workforce despite the state’s low unemployment rates. The Tulsa World reports that about 25 percent of state residents between ages 25 and 54 don’t have a job. Shelley...

How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data

Sep 22 2017 // Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home...

People

Sep 18 2017 // Dallas-based insurance and risk management firm Dexter & Company has added Jeff Twitty to its team as senior vice president and promoted Stephen Bivins to vice president. A seasoned insurance professional with more...

Workers’ Comp Loss Costs to Fall 16.3% in Oklahoma Next Year

Sep 15 2017 // Workers’ compensation loss costs for 2018 will decrease by 16.3 percent in Oklahoma according to a filing by the National Council on Compensation Insurance (NCCI), the Oklahoma Workers’ Compensation Commission...

Ex-Oklahoma Insurance Agent Told to Stop Conducting Insurance Business

Sep 5 2017 // Oklahoma Insurance Commissioner John D. Doak has issued a cease and desist order to a former insurance agent in Cushing. The Oklahoma Insurance Department reported that investigators discovered Mark Lauderdale, whose...

Oklahoma Workers’ Comp Commission Report Shows a 30% Drop in Premium Costs Since 2013

Sep 4 2017 // Oklahoma’s workers’ compensation system seems to have benefited from reforms that were initiated in 2013, at least in terms of premium costs for businesses. By the end of 2016, employers in Oklahoma had seen a...

Oklahoma Agency Wants to Install 72 Seismic Stations

Aug 25 2017 // The Oklahoma Geological Survey has proposed to install more than 70 permanent seismic stations across the state that would allow scientists to better study earthquakes. The $3.5 million proposal would be placed in a grid...

Researchers Using Airplanes to Map Earthquake Faults in Oklahoma

Aug 23 2017 // Researchers are turning to the sky to help stop earthquakes from rumbling deep beneath the Oklahoma soil. The U.S. Geological Survey in coordination with the Oklahoma Geological Survey and other groups last week began...

Oklahoma Workers’ Comp Report Shows Big Drop in Premium Costs Since 2013

Aug 22 2017 // Oklahoma’s workers’ compensation system seems to have benefited from reforms that were initiated in 2013, at least in terms of premium costs for businesses. By the end of 2016, employers in Oklahoma had seen a...

Judge Divides $100K Insurance Payout to Victims of 2015 Oklahoma Parade Crash

Aug 21 2017 // A Payne County judge has distributed $100,000 in insurance money to victims of a 2015 homecoming parade crash at Oklahoma State University that killed four people and injured dozens more. Associate District Judge Stephen...

Fraud Following Catastrophes an Unwelcome Trend, Oklahoma’s Doak Says

Aug 21 2017 // In testimony on Capitol Hill in early August, Oklahoma Insurance Commissioner John Doak told federal lawmakers that fraud across all lines of insurance costs the industry an estimated $80 million to $100 million...

Anti-Price Gouging Act Effective in 4 Oklahoma Counties

Aug 21 2017 // Oklahoma Attorney General Mike Hunter enacted the Emergency Price Stabilization Act in Mayes, Rogers, Tulsa and Wagoner counties after Gov. Mary Fallin declared a state of emergency following a tornado outbreak on the...

Insurance Fraud Following Catastrophes an Unwelcome Trend, Oklahoma’s Doak Tells U.S. Senators