Oklahoma News

Liberty Mutual Realigns Agency Companies to Welcome Ohio Casualty

Boston-based Liberty Mutual Group finalized its acquisition of Ohio Casualty Corp. on Friday, Aug. 24, 2007 and immediately announced a realignment of its $5.9 billion net premium regional agency company organization to make room for Ohio Casualty and its $1.4 …

Humana pays $500,000 Fine in Okla. for Unlicensed Sales

Humana Insurance Co. has paid a $500,000 fine for using unlicensed agents to sell Medicare Advantage and prescription drug plans to Oklahoma seniors, Oklahoma Insurance Commissioner Kim Holland said. She said Humana, which is based in Louisville, Ky., did not …

Storms Force 1,000 From Ohio Homes; Damage Continues in Midwest

More than 1,000 people were flooded out of their homes after heavy rain that swamped communities across the American Midwest sent Ohio’s rivers spilling over their banks, the governor said. The storm’s death toll also rose when three people were …

Governors Urged to Back OFC Legislation

Two former governors urged the National Governors Association to back federal legislation that would implement an optional federal charter regulatory system in the insurance industry. “The success of the insurance industry, a major revenue producer for state governments, depends on …

Okla. AG Warns of Home Repair Fraud in Aftermath of Storms

Oklahoma Attorney General Drew Edmondson issued a warning to consumers of the potential for home repair scams following the state’s recent severe weather. “The wind and rain carried with them enormous damage,” Edmondson said. “These storms can also carry with …

American Physicians Service Group Expanding into Okla.

Austin, Texas-based American Physicians Service Group Inc. (APS) announced that its American Physicians Insurance Company (API) subsidiary has received a Certificate of Authority from the Oklahoma Insurance Department to write physicians professional liability insurance in Oklahoma. The company said it …

My New Markets

Youth recreation programs Nuts & Bolts: Markel Insurance Co. is offering coverage for youth recreation programs and camps. Coverage includes general liability, umbrella, sexual abuse/molestation, directors and officers, child abduction, special events, professional liability, property, key employee replacement, auto, crime, …

La. Tells Unlicensed Corporation, Former Agents to Cease and Desist

The Louisiana Department of Insurance issued a cease and desist order to an Oklahoma-based corporation and two former Louisiana insurance agents who allegedly have been soliciting insurance products to senior citizens without a license. Shop Right Corporation based in Edmond, …

My New Markets

Youth recreation programs Nuts & Bolts: Markel Insurance Co. is offering coverage for youth recreation programs and camps. Coverage includes general liability, umbrella, sexual abuse/molestation, directors and officers, child abduction, special events, professional liability, property, key employee replacement, auto, crime, …

Erin Brings Flooding to Okla. as Flood Control Funds Dry Up

Heavy rain and high winds from the remnants of Tropical Storm Erin moved through Oklahoma early on Aug. 19 , flooding homes and roads and leading to power outages. More than five inches of rain fell in some areas of …