Declarations
Just as Dangerous “We already have this law in effect for people who drive motor vehicles while under the influence, why should it be any different for watercraft? They are just as dangerous as vehicles, if not more so.” —Oklahoma …
My 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. Nutritional & Dietary Supplements Nuts & Bolts: Travis-Pedersen and Associates Inc. is offering a new …
State Your Mission, Values and Vision for Success
It’s that time of year again; planning time for a great 2008! The key to effective business planning is to know what the end point will be and to point in that direction. Before any planning gets done the first …
South Central Agencies Recognized by Big ‘I’ for ‘Best Practices’
Two independent agencies from South Central states were among the six insurance firms from across the country recognized as “Top Performing Agencies” by the Independent Insurance Agents & Brokers of America (the Big “I”) and Reagan Consulting, an Atlanta-based management …
Okla. House Panel Approves Bill Targeting Uninsured Drivers
A bill that would limit insurance awards for uninsured drivers involved in an accident has passed an Oklahoma House of Representatives subcommittee. House Bill 3380 by Muskogee Republican George Faught was approved by the House Economic Development and Financial Services’ …
U.S. Risk Names Hicks Senior Commercial Underwriter
Dallas-based managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. announced it has named Jeff Hicks a senior underwriter in its Commercial Underwriting department. In this position, Hicks will specialize in transportation, property and casualty lines (including …
Okla.-based Insurer Ordered to Pay $10.8M to Policyholder’s Mother
A federal jury has ordered an Oklahoma City-based insurance company to pay $10.8 million for improperly reducing the benefit owed to the mother of a policyholder who died. American Fidelity Assurance Co. said it was “astonished” by the verdict and …
Okla.’s Share of Frankel Assets: $2.5M
Oklahoma will receive $2.5 million of the $72 million in Martin Frankel’s assets seized by the Internal Revenue Service and Federal Bureau of Investigation, according to Insurance Commissioner Kim Holland. Frankel defrauded seven insurance companies in five different states of …
Unemployment in Okla. Climbs to 4.3 Percent in December
Oklahoma’s unemployment rate rose 0.1 percent in December to 4.3 percent, spurred by higher jobless claims in more than half of the state’s 77 counties, according to state officials. About 1.65 million people were employed in Oklahoma in December and …
Donegal Mutual and Subsidiary Atlantic States to Change Pooling Agreement
Donegal Group Inc., based in Marietta, Pa., is moving to amend the intercompany pooling agreement between Donegal Mutual and Atlantic States Insurance Co., its largest insurance subsidiary. Subject to approval by the Pennsylvania Insurance Department, the proposed amendment will increase …
