Oklahoma News

Oklahoma GOP Squeezing Opponents of Lawsuit Reform

Republicans lawmakers eager for new civil justice guidelines that would change the way Oklahomans file and litigate lawsuits are putting the squeeze on their opponents with a flurry of legislation that offers a variety of options to get some form …

Federal Reserve in Uncharted, Risky Territory with AIG Investment

The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the latest bailout effort of the troubled …

Damages Mount from Fires Across Oklahoma

A fire burned down about two-thirds of a city block in Weleeta Okla., one of several that broke out across Oklahoma last week. No serious injuries have been reported. The fire, which is still under investigation, burned down a cafe …

Stimulus Bill Will Have Minimal Insurance Industry Impact

Workers’ Comp and Commercial Lines to See Some Benefits The $787 billion stimulus package passed by Congress last month looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that it will jumpstart spending, most …

Stimulus Should Produce Some Benefits for P/C Insurance

Insurers, Brokers Anticipate Insuring Construction Projects Funded With $140 Billion Infrastructure Monies The property/casualty insurance industry should see some modest benefit from the $787 billion federal stimulus package — the American Recovery and Reinvestment Act of 2009 – which is …

Declarations

Tools to Intervene “The Texas insurance companies remain well-capitalized. … There has been no bankruptcy filing by the parent company. In the event of any changes in the status of the parent company, our state laws provide us with tools …

States Gear Up for Stimulus Package

Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the stimulus bill will jump-start spending, some …

It Figures

$500 Million The financial toll from the January 2009 ice storm in north Arkansas is estimated at $500 million, with most of the cost for restoring electric utilities, the Associated Press reported. Three major utilities say they will spend around …

Changing Demographics Offer a World of Opportunity for Enterprising Agents

Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” …

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. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …