Oklahoma News

Governor’s ‘Insure Oklahoma’ Plan Misses Legislative Cut

A spokesman says “it’s a puzzler” why Gov. Brad Henry’s plan to expand a small business health insurance program was not heard in the state House of Representatives before a legislative deadline expired. “We were surprised, particularly when we got …

Okla. Commissioner: Faith-based Benefit Firm Considered an Insurer

A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still going to be treated like one, a state official said. Medi-Share, a Christian Care ministry of the mission-driven …

R.I., Mass. Safest While Wyo., Ark. Deadliest States for Truck Crashes

Wyoming and Arkansas are the deadliest states for truck crashes, according to a safety group that has called for tougher federal regulation to reduce fatalities hovering above 100 a week nationwide for years. The safest states for truck crashes were …

Lawsuit Reform Bills Advance in Okla. Senate

The evenly divided Oklahoma Senate recently passed three key lawsuit reform measures, according to a Senate announcement. Senate Republican leaders said they are negotiating with Senate Democrats and leaders of the House of Representatives to develop a comprehensive lawsuit reform …

AIA Applauds Passage of Self-Audit Bill in Okla. Senate

The American Insurance Association reported that the Oklahoma Senate unanimously approved Senate Bill 565, which encourages insurers doing business in the state to closely examine their operations and “clean house” when necessary by allowing insurance companies to initiate internal audits. …

New Markets

Wedding Insurance Nuts & Bolts: Travelers recently launched Wedding Protector Plan, which provides coverage with no deductible for a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and …

RESEARCHER SAYS TOUGHER CODES WORKED DURING FLA. TORNADOES

Wind-mitigating building codes implemented in Florida following Hurricane Andrew helped some houses resist a string of deadly tornadoes that hit the state last month, says an expert wind researcher. Larry Tanner, a civil engineering research associate with Texas Tech University’s …

It Figures

50% The Houston area has nearly $1 billion of commercial insurance market capacity for downstream energy risks, or about 50 percent of the total amount available worldwide, according to Willis Group Holdings. Willis said the growth in capacity is being …

Business Moves

Carpenter Moore, USI Southwest Houston-based USI Southwest and Car-penter Moore, a subsidiary of The Nasdaq Stock Market Inc., are partnering to provide executive liability services to public companies in Texas, Louisiana and New Mexico. They will provide an array of …

Declarations

Keeping it alive “This is something that was taken away as a part of the worker’s compensation reform bill passed in the 2005 special session. My constituents still are frustrated and upset about this change. The problem is, if we’d …