Oklahoma News

Dallas National Insurance Company Strengthens its Board of Directors and Posts a Strong Third Quarter

Nehls cites profitable growth and positive changes December 20, 2007 – Dallas National Insurance Company has recorded another strong quarter, ending the first three quarters of 2007 with net income of $9.4 million on net premiums of $66.7 million. Dallas …

Bush OKs Major Disaster Declaration for 7 Okla. Counties

President Bush granted Oklahoma Gov. Brad Henry’s request for a major disaster declaration for seven Oklahoma counties impacted by recent ice storms. Henry said in an announcement that more counties will be added to the declaration as damage assessment surveys …

Ratings Roundup: Seaworthy, Pioneer General, American Financial & Subsidiaries

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “aa” from “a-” of Seaworthy Insurance Company of (Annapolis, Md. Best also removed the ratings from under …

Okla. AG Warns of Scam Potential During Post-Storm Clean-Up

In the wake of his state’s winter storms, Oklahoma Attorney General Drew Edmondson warned consumers to be wary of the possibility for clean-up-related-scams. He said his office received 145 home repair related complaints last year and noted that the number …

Okla. Work Comp Hearing Rescheduled

A public hearing on the revision of Oklahoma’s Workers’ Compensation Schedule of Medical and Hospital Fees has been rescheduled for Dec. 19, 2007, the Oklahoma Workers’ Compensation Court announced. The hearing had been scheduled for earlier in the month but …

Okla. Gov. Estimates Ice Storm Damage Will Exceed $200M

Winter storms are nothing new for Steve Kennedy in his work as a claims supervisor for Farmers Insurance. He’d never seen anything quite like this week’s deadly ice storm in Oklahoma. “The front yard of this house looked like a …

Republic Group Announces Key Personnel Appointments

Dallas-based regional insurer, The Republic Group, announces two key personnel appointments. Jim Drawert has accepted the new position of vice president – Industry Relations. Drawert joined Republic in 2003 as vice president – chief underwriting officer. Cathy Link has joined …

Okla. Emergency Management, Insurance Dept. Hot Lines Open

Telephone hot lines have been established by both the Oklahoma Department of Emergency Management and the Oklahoma Department of Insurance in response to the massive ice storms that hit the state this week. The insurance department has also posted on …

Okla. State Rep Urges Citizens to Report Price Gouging After Storms

Families displaced by the winter ice storm should notify state authorities of any price gouging at local hotels, state Rep. Joe Dorman says. “I have received reports that some hotels may be gouging customers forced out of their homes due …

Power Returns Slowly in Okla.; Losses from Storm Could Rise to $35M

The lights are going back on slowly in Oklahoma after a massive ice storm, the insured losses from which could reach $35 million, an insurance industry trade group said. “Insurance claims from ice damage are often slow in coming in …