Oklahoma News

AIG, Congress and Law of Unintended Consequences

When corporations want to borrow large sums of money they usually rely on selling bonds. Introductory college finance courses always include a chapter covering interest rates and bonds. So, much of the information I provide below is well known even …

Oklahoma Senate Rejects Attorney Fee Caps; Tort Reform Bill Still Alive

The Oklahoma Senate rejected a plan to cap plaintiff attorney fees, while voting to keep alive a Republican-sponsored bill to shake up the state’s civil justice system in an effort to curtail lawsuits. Senate President Pro Tem Glenn Coffee, R-Oklahoma …

Oklahoma Gov. Vetoes Bill Targeting Attorney Political Lobbying

Oklahoma Governor Brad Henry has vetoed a bill that would have prohibited attorneys in that state from using money from client settlements for political lobbying. The bill, HB 1601, by Rep. Dan Sullivan, would have made it illegal for an …

Lost Oklahoma Flashdrive Contained Social Security Numbers

The Oklahoma Employment Security Commission says the Social Security numbers of more than 5,500 people is on a flashdrive that was lost by an employee. Commission spokesman John Carpenter says the employee put the information on a flashdrive after his …

Oklahoma Consumer Group Blasts Lawmakers, Health Insurers

An advocacy group criticized Oklahoma legislative leaders on April 21 for what it described as a host of bills that help the health insurance industry at the expense of consumers. Dr. Rene McNall Knapp, who specializes in treating children with …

Lawmakers OK Maine Helmet Law Change

A bill to increase the age for mandatory motorcycle helmet use in Maine has been given final approval by the Legislature and sent to Gov. John Baldacci for his signature. The bill, sponsored by Democratic Rep. Emily Cain of Orono, …

Insurance Company Offers Reward of $35K After Oklahoma Fire

A reward of $35,000 is being offered for information about the fire that destroyed 70 homes in Midwest City in eastern Oklahoma County two weeks ago. GuideOne Insurance and the Midwest City Police Department announced the reward for information leading …

Despite Veto, Okla. Senate Vows to Send Work Comp Law to Voters

The Oklahoma State Senate has passed a referendum that would allow Oklahomans to vote next year on a proposal to require Senate approval of the governor’s workers’ compensation judicial nominees. The Senate took the action after Gov. Brad Henry vetoed …

Watchdog Group Ranks Best, Worst States in Disciplining Doctors

Most states, including California and Florida, are failing to adequately discipline doctors who are practicing substandard medicine, according to the latest annual ranking of state medical boards by the watchdog group Public Citizen. For the first time since Public Citizen …

Texas Senate OK’s Bill to Lower Standard of Proof in Asbestos Lawsuits

Handing a rare victory to personal injury trial lawyers, the Texas Senate recently passed legislation that would make it easier for certain people to recover damages after being exposed to asbestos. The bill, which passed 20-11 on a preliminary vote, …