Oklahoma News

Declarations

What’s the Objective, Now? “Our objective is to inform the public and the last thing we want to do is misinform.” —Ed Link, the director of the Interagency Performance Evaluation Task Force for the U.S. Army Corps of Engineers, referring …

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. Preferred Restaurants – Liquor Liability Nuts & Bolts: A program for liquor liability is available …

Bramlett Named Industry Service Award Winner in Okla.

Robert Bramlett was announced as this year’s Oklahoma Industry Service Award winner by the local Chartered Property Casualty Underwriters Society, Central Chapter of Risk Insurance Management Services and Insurance Women of Oklahoma City at the All Industry Day Oct. 30. …

Okla. Workers’ Comp Court to Hold Public Hearing

The Oklahoma Workers’ Compensation Court Administrator announced the Court will hold a public hearing on Dec. 10, 2007, at 1:00 p.m. in the Carousel Room at Metro Technology Center, 1900 Springlake Drive, Oklahoma City. The purpose of the hearing is …

R.I. Hospital Fined for Third Wrong-Side Brain Surgery

Rhode Island Hospital has been fined $50,000 and reprimanded by the state Department of Health after its third instance this year of a doctor performing brain surgery in the wrong side of a patient’s head. “We are extremely concerned about …

Insurance Compact Adopts ’08 Budget

The Interstate Insurance Product Regulation Commission adopted a $1.4 million 2008 budget by a vote of its full membership in a public teleconference yesterday. Following a comprehensive comment period, including a public hearing before its Management Committee last week, the …

Best Announces Rating Actions on White Mountains Subsidiaries

A.M. Best Co. announced several actions affecting the ratings of the Bermuda-based White Mountains Insurance Group, Ltd., affirming the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries, including the FSRs of ‘A’ (Excellent) and the ICRs …

Ratings Roundup: General Agents, Torchmark, PMA Capital

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B’ (Fair) and issuer credit rating of “bb” of Oklahoma’s General Agents Insurance Company of America, Inc. Both ratings have been removed from under review with positive implications and …

Okla. Racetracks Warned of Possible Workers’ Comp Problems

Oklahoma Labor Commissioner Lloyd Fields told the Oklahoma Horse Racing Commission recently the state’s four racetracks face a potential problem of horse trainers who do not carry workers’ compensation insurance for their employees. Fields said the state Labor Department is …

Jury Awards Okla. Couple $3.6M in Damages for Oilfield Accident

A federal jury has awarded an Elk City, Okla., couple $3.6 million in damages as a result of the husband’s injury in an oil-field accident last summer. Juan and Veronica Lara sued Grey Wolf Drilling Co. after a pipe fell …