Oklahoma News

On a Roll, Oklahoma Expected to Add Jobs This Year

Oklahoma added 22,500 jobs last year as the energy sector fueled an employment growth rate of 1.4 percent, sixth highest among all states, according to a newly released report. “We’re growing 1 percent faster than the national rate,” said Mark …

U.S. Attorney Says Okla.’s Stipe Illegally Ran Insurance Company

U.S. Attorney Sheldon Sperling has filed a complaint against former Oklahoma State Sen. Gene Stipe accusing him of illegally running an insurance company. Stipe pleaded guilty in 2004 of perjury, conspiracy to obstruct a Federal Election Commission investigation, and conspiracy …

Southern Insurance Company to Act as Servicing Insurer for New Mexico FAIR Plan

The Republic Group announced that Southern Insurance Co. has been selected by the Governing Committee of the New Mexico Property Insurance Program to act as servicing insurer for the New Mexico FAIR Plan for a three-year period beginning Jan. 1, …

America First Insurance Opens New Oklahoma Regional Office

Richardson, Texas-based America First Insurance, a Liberty Mutual Agency Markets regional company, announced it has opened a regional office in Oklahoma City. With approximately $70 million in combined personal and commercial lines premium in Oklahoma, the company’s new office at …

Report: Donations to Okla. Political Organization May be Illegal

An organization controlled by Oklahoma attorneys who specialize in workers’ compensation cases has raised almost $1 million for political purposes mostly from injured workers who sometimes do not know they have donated, according to a published report. Many of the …

Employee Retention: It’s Not Always About Money

Paid Time Off, Office Space Equality, Free Fridays and Wellness Programs Help Keep Agency Employees Happy At any gathering of insurance professionals in the country — at any time, anywhere — a common refrain of agents and company representatives alike …

U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion

Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes …

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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

It Figures

$300,000 Capitol County Mutual Fire Insurance Company, disciplined by Texas regulators for its handling of claims after Hurricane Rita, could face up to $300,000 in fines after the release of an audit by the Texas Department of Insurance. The Associated …

Nev. Court Rules Workers’ Comp OK in Some Suicide Cases

In a precedent-setting case, the Nevada Supreme Court held last Thursday that worker comp benefits can go to families of people who kill themselves if an industrial accident broke down their “rational mental process” and left them suicidal. The high …