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Arrest warrants have been issued for two New York financiers after prosecutors filed charges in Oklahoma state court relating to the purchase and handling of a now-defunct Oklahoma insurance company that the pair once controlled. Scott Hartman and Andrew Scherr …

The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent report in the Wall Street Journal. But Oklahoma’s insurance …