Oklahoma News

Sullivan Receives Insurance Service Award from Okla. CPCU Chapter

The Central Oklahoma Chapter of CPCU recently presented John F. Sullivan with its Insurance Industry Service Award. Sullivan has been active in the insurance industry for 37 years and is the second generation owner of the Sullivan Insurance Agency of …

Hallmark Financial Services E&S Carrier Expands Into Texas, Louisiana

Hallmark Financial Services Inc. (Hallmark), based in Fort Worth, Texas, reported its subsidiary TGA Insurance Managers Inc. (TGA) will start issuing excess and surplus lines policies through its affiliate Hallmark Specialty Insurance Company (HSIC) in Texas and Louisiana, beginning Jan. …

Oklahoma Lawmaker Selling Interest in Nursing Homes

State Rep. Doug Cox of Grove, Okla., who in the last legislative session blocked passage of measure that would have required nursing homes to carry a minimum of $250,000 in liability insurance, says he’s selling his 25 percent interest in …

CAA Expanding to Oklahoma, Kansas

Austin, Texas-based Combined Agents of America LLC (CAA) announced plans to expand outside of Texas with potential new members from Oklahoma and Kansas. “With 4 new members so far in 2008 and the potential of more in 2009, growth remains …

Study: Flood Program Premiums Do Not Adequately Reflect Flood Risk

Premiums charged by the National Flood Insurance Program (NFIP) are inadequate to cover the risk and the program should re-examine its methods for setting rates, according to the U.S. Government Accountability Office (GAO). The 2005 hurricanes left the NFIP with …

Cost of Flood Insurance for Oklahomans Could Rise

More than 16,000 Oklahomans might have to pay higher premiums for flood insurance after a federal report recommended an overhaul of the program that determines rates for such coverage. The U.S. Government Accountability Office began looking into the issue after …

Bishop Named Manager of Swett & Crawford’s Dallas Office

National wholesale insurance broker Swett & Crawford has appointed Jim C. Bishop as sales leader/branch manager of the firm’s Dallas office. Bishop has 25 years experience in the insurance industry in both the retail and wholesale segments, and extensive familiarity …

Commercial Alliance Insurance Names Deal as Bond Manager in Dallas

Commercial Alliance Insurance Company (CAIC Surety) has named Richard Deal as the Bond manager of its Dallas office. Deal joined CAIC Surety in July 2008 to expand the company in the North Texas region. From Dallas, CAIC will be better …

Oklahoma Lawmaker to Renew Fight for Disaster Funding

Oklahoma State Rep. Joe Dorman plans to renew his fight to ensure the state funds disaster recovery efforts this year and in the future, the Oklahoma House of Representatives reported. Dorman said he will file legislation to require that money …

13 Companies OK’d to Self-Insure for Workers’ Comp in Texas

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved thirteen companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program. These thirteen companies collectively employ approximately 26,500 employees in Texas. Under …