Oklahoma News

Florida Domestic Insurers Have Backup Plans If State Hurricane Funds Slow

Most of Florida’s smaller domestic property insurers have initiated backup financing plans in the event the state-backed hurricane fund can’t meet its obligations right after a major storm hits. Insurance Journal Audio Demotech on Florida Property Insurance: An interview with …

Engineer Distances Himself From Storm Damage at Cowboys’ Facility

A structural engineer maintains he had limited involvement with the Dallas Cowboys’ training facility that collapsed during a thunderstorm on May 2 and left a team employee paralyzed. “I was there just a few months,” said Enrique Tabak in a …

Electronic Insurance Verification System Being Launched in Oklahoma

Police across Oklahoma soon will be able to access a new electronic insurance verification system designed to crack down on uninsured motorists. Five police departments across the state began using the computerized system recently, and state officials say the system …

Q&A: Rating Expert on Florida’s Domestic Insurers and Reinsurance

Joseph Petrelli is president of Demotech, an actuarial servicing firm based in Columbus, Ohio. He and his team have been tracking the Florida property insurance market and its domestic startup carriers, in particular, for years. Demotech rates many of the …

Fight to Approve Workers’ Comp Judges in Oklahoma Goes On

Undeterred by the governor’s veto, the Oklahoma Senate is forging ahead with the push to gain authority to approve judicial appointments in the state. The Senate has passed a referendum HJR 1041, which would allow voters to decide the issue. …

It Figures

5,500 The Oklahoma Employment Security Commission reported that the Social Security numbers of more than 5,500 people are on a flash memory drive that was lost by an employee who put the information on it after his laptop was infected …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Products Liability for Roller Coasters and Rides Market Detail: MarketScout offers agents access to products …

Ark.’s Risk Services Joins INSURICA

INSURICA Insurance Management Network announced the addition of Risk Services of Arkansas LLC, as its newest partner. Formerly known as First Arkansas Insurance/Little Rock, Risk Services joins INSURICA’s network of partner agencies. Mike Ross, INSURICA president and CEO, said: “As …

Louisiana Lawmakers OK $133M in Stimulus Spending

Four more highway projects, including the widening of Interstate 10 in Baton Rouge, will be funded with Louisiana’s share of the federal stimulus package after receiving quick approval Monday from lawmakers. The $133 million list of projects, proposed by Gov. …

Oklahoma Commissioner Files Lawsuit Against Auto Warranty Co.

Oklahoma Insurance Commissioner Kim Holland has filed for and received a Temporary Restraining Order against VSI Vehicle Services Inc. in Oklahoma County District Court. The commissioner has also filed a lawsuit against the company. These actions follow a Cease and …