Workers’ compensation professionals in Oklahoma will have the opportunity to learn crucial information about the industry at two free events. The Oklahoma Insurance Department and the National Council on Compensation Insurance (NCCI) will host the 2016 State Advisory Forums on …
Oklahoma officials have charged two former insurance agents with exploitation of an elderly person for fraudulently taking over an 89-year-old man’s financial affairs. The Oklahoma Insurance Department says the two former insurance agents from Oswasso — Sterling Messer, 78, and …
A former Oklahoma insurance agent has been sentenced to 27 months in federal prison for fraud, the Oklahoma Insurance Department announced. Gary Edward Hibbing, 53, was sentenced after pleading guilty to two counts of wire fraud and two counts of …
The Oklahoma Insurance Department does not have statutory authority to approve or deny rate increases filed by insurers on the federal health insurance exchange, state regulators say. Oklahoma, along with Texas, Missouri, Alabama and Wyoming, is a direct enforcement state …
Concerned about a competitiveness in the state’s earthquake insurance market, Oklahoma Insurance Commissioner John D. Doak has ordered a public hearing to investigate rising rates. The May 24 hearing will include data gathered by the Oklahoma Insurance Department as well …
Legislation approved this week in a House committee would authorize the use of automated license plate readers to flag uninsured motorists at a time when Oklahoma leads the nation in uninsured motorists on the road. One in four vehicles in …
The 2016 National Tornado Summit, the 5th annual event, will be held Feb. 29-March 2 in Oklahoma City, the Oklahoma Insurance Department announced. The National Tornado Summit is an educational forum that provides attendees with the knowledge they need to …
Oklahoma’s captive insurance industry grew in 2015 with the licensing of 26 captive insurers, the Oklahoma Insurance Department announced. With the addition of the 26 new captives, Oklahoma currently regulates 73 captive insurers. Captive insurers in general are insurance companies …
Oklahoma Insurance Commissioner John D. Doak has named Gordon Amini as general counsel of the Oklahoma Insurance Department (OID). Amini held the same title when he previously worked at the department in 1981. Amini recently retired from Physician Liability Insurance …
The Oklahoma Insurance Department announced that it issued 37 new captive insurance licenses last year, bringing the total number of licensed captives in the state to 47. Oklahoma has licensed pure, association, sponsored and special purpose captives, and is also …
