Oklahoma News

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Mortgage Company E&O/Fidelity Bond Nuts & Bolts: SUA Inc. has insurance packages for the mortgage industry covering both mortgage brokers and bankers. Coverages include professional liability, fidelity/crime bond, mortgage impairment and employment practices liability. Dollars: $300,000 to $5 million. Carrier: …

Lawmakers Worry that Lawsuit Reform Issue is Dead in Okla.

Oklahoma Gov. Brad Henry’s veto of a bill putting restrictions on civil lawsuits may have killed the issue for the 2007 Oklahoma Legislature, Republican legislative leaders said. Asked if efforts to revise the civil justice system are dead for the …

Okla. Gov. Vetoes Tort Reform Bill

Oklahoma Gov. Brad Henry has vetoed a sweeping civil justice measure that would have changed the way negligence and medical malpractice lawsuits are filed and litigated in state courts. Despite his veto of the so-called “tort reform” bill, Henry said …

Okla. AG Urges Gov. Henry to Veto Lawsuit Bill

Oklahoma’s attorney general has urged Gov. Brad Henry to veto a bill changing the rules on the civil lawsuit system, saying the legislation would cripple his ability to take legal action to protect the state and its people from harm. …

Okla. Multiple Injury Trust Fund Assessment Rate Set at 2.14%

The Oklahoma Workers’ Compensation Court announced that the Multiple Injury Trust Fund (MITF) assessment rate to be charged for the period of July 1, 2007, through June 30, 2008, is 2.14 percent of: – gross direct premiums written for workers’ …

Few Sign up for Okla.’s Small Business Insurance Program

Only 2,000 workers have signed up for a state program that helps small companies provide health insurance to their employees. Nearly $70 million sits in a special fund for the program, but employers say the plan is so restrictive that …

Consumer Group Urges Veto of Okla. Tort Reform Bill

A consumer group urged Gov. Brad Henry to veto a massive civil justice measure, arguing that the 109-page bill is replete with anti-consumer provisions and that insurance companies it is designed to protect are making record profits. J. Robert Hunter, …

Okla. Royalty Owners: Tort Reform Bill Would Keep Most Out of Settlements

Oklahoma’s landscape is in constant motion with the activity of oil wells, their seesaw-like movements pumping oil and natural gas to the surface and fueling the state’s economy. Oil wells are also a source of income for hundreds of thousands …

Business Moves

Brown & Brown, United Employers Insurance Brown & Brown Insurance Services of Texas Inc., a subsidiary of Fla.-based Brown & Brown Inc., acquired the assets of Houston-based United Employers Insurance Agency Inc. United Employers Insurance Agency is a retail insurance …

People

Dallas-based global insurance and reinsurance broker, Colemont, added Catherine L. Wall as assistant vice president and associate legal counsel. In this newly created role, Wall will assist in overseeing the company’s overall domestic legal needs, including monitoring and managing litigation …