Oklahoma News

Day Care Liability Measure Signed in Oklahoma

Oklahoma’s day care centers must carry liability insurance to compensate families whose children are injured or killed while in the day care’s custody, under legislation signed into law by Oklahoma Gov. Brad Henry. The bill, entitled Demarion’s Law, is named …

South Carolina Teens Can Text and Talk while Driving

South Carolina lawmakers decided it’s OK for 15- and 16-year-olds to talk and text message on cell phones while driving. The House voted April 30 to send a measure blocking such activities back to a committee, ending its chances for …

Davidow, Shea Picked to Lead Medicus Insurance Company

Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as executive vice president of the parent company, Medicus Insurance …

Tennessee Open Container Bill OK’d Despite Enforcement Concerns

The Tennessee Senate passed a bill that would ban open alcohol containers in vehicles despite concerns raised by prosecutors and safety officials the measure could cause drunken driving enforcement efforts to lose funding. The Senate on April 29 voted 23-7 …

Oklahoma Governor Signs Daycare Liability Measure

Gov. Brad Henry has signed legislation to require Oklahoma daycare centers to carry liability insurance to compensate families whose children are injured or killed while in the day-care’s custody. The bill, entitled Demarion’s Law, is named for Demarion Pittman, a …

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …

Recession? In South Central States It Depends On Location

With some notable exceptions – southern Louisiana for one – the economies of the South Central states seem to be holding steady against the looming prospect of a nationwide recession. Populations are growing in Arkansas, Louisiana, Oklahoma and Texas and …

Disasters May Drive Up Insurance Rates in Okla., Commissioner Says

Oklahomans should get ready to pay more for insurance because of natural disasters associated with changes in climate around the world, the state insurance commissioner said. Insurance Commissioner Kim Holland told those at the third annual Oklahoma Climate and Loss …

People

Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …

Spring Storms Hammer Arkansas, Oklahoma and Texas

Damage estimates continue to pile up Texas, Oklahoma and Arkansas have been hammered numerous times this Spring with violent storms that produced tornadoes, hail, heavy rain and floods, and the damages are mounting. Preliminary damage from an April 8 Oklahoma …