Oklahoma News

Wildfires Burn Tens of Thousands of Acres Across Texas

Smoke from wildfires burning across North and West Texas is blowing into Austin and other locations in the center of the state, and Dallas-area residents are under an air-quality warning as a result of the fires. The Texas Forest Service …

Oklahoma Senate Votes to Lengthen Statute of Limitations for Arson

The Oklahoma Senate has approved by unanimous vote a measure that would lengthen the statute of limitations for prosecuting felony arson cases. Sen. Jay Paul Gumm, co-author of House Bill 1088, said that improved technology and detection methods are making …

Tornadoes Give Mo. Businesses Insurance, Record-Keeping Lessons

Businesses in Southwest Missouri learned a lot about insurance, record-keeping and personal safety from tornadoes that tore through the area last spring. In many ways, walking into Bill Lant’s feed store in Seneca, Mo., is like walking back in time. …

Oklahoma’s Webb Young Webb Liles & Tolentino Joins Bainswest

Webb Young Webb Liles & Tolentino, an Oklahoma City-based independent insurance agency since 1947, joined Bainswest Inc. as a member agency effective January 1, 2009. The announcement was made jointly by WYWLT principal, Bobby Young and Bainswest President Mike Loftis. …

Oklahoma-based North America Group Re-Brands as INSURICA

North America Group, a privately-held independent insurance agency headquartered in Oklahoma City, is bringing each of its insurance management partners together to form INSURICA, The Insurance Management Network. The company, celebrating its 50th anniversary, felt the time was right “to …

It Figures

165 The estimated incurred loss ratio for insurers in Texas in 2008 is a record high of 127; the combined loss and expense ratio is 165. Texas Department of Insurance “Texas Homeowners Insurance Loss Data 1992-2008” report puts estimated losses …

People

Higginbotham & Associates, an independent insurance brokerage firm based in Ft. Worth, Texas, added employee benefits brokers John Collins, Dana Jones and Rob Marsh to its managing director team for 2009, in recognition of their contributions to the firm. With …

Ready, Set – OK

As this issue of Insurance Journal South Central Edition went to press, Oklahoma officials were set to award $250 million in contracts for much needed road and bridge improvements in that state. The money is part of the $465 million …

Texas Wildfire Destroys Homes; Firefighters Hurt by Smoke Inhalation

The Texas Forest Services says 24 firefighters have been treated for smoke inhalation from fighting Texas wildflires, near the Panhandle town of Wheeler, where four homes have been lost and an estimated 20 homes damaged in an 11,000-acre fire. Texas …

Declarations

Frankly Mad “It’s very, very disappointing. I’ve just pretty much run out of patience.” —Oklahoma Insurance Commissioner Kim Holland. Holland said she is “grossly disappointed and frankly mad” about a continuing backlog of more than 200,000 unpaid health insurance claims …