Oklahoma News

Okla. City Man Accused of Falsely Claiming Katrina Funds

An Oklahoma City man was indicted in federal court on charges of making false claims for Hurricane Katrina disaster relief funds. A federal grand jury indicted Darryl Eugene Hayes, 31, on three counts of mail fraud and two counts of …

Okla. Governor Supports Bills to Reduce Uninsured Numbers

Oklahoma still has 650,000 citizens without health insurance, but Gov. Brad Henry hopes to chip away at the problem with two bills winding their way through the 2007 Legislature. According to the U.S. Census Bureau, Oklahoma has the fourth highest …

Tornadoes Reported in Four States; 27 Injured in Arkansas

Authorities went door to door in search of an unknown number of people who remained unaccounted for after severe storms swept through southern Arkansas, shredding home and businesses and injuring at least 27 people. Residents reported seeing multiple tornadoes Saturday …

Declarations

No need to be unkind “It’s not a popular position. I’ve had people who have said unkind things. I’ve had people who say I need to be replaced.” — Arkansas State Sen. Kim Hendren, R-Gravette, commenting on the unlikelihood that …

Researcher Says Stronger Building Codes Made Difference in 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 earlier this month, says a wind researcher who surveyed the damage. Larry Tanner, a civil engineering research associate …

People and Places

The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year. International Insurance Relations Committee: Chair Diane Koken, commissioner, Pennsylvania Insurance Department, and Vice Chair Dorelisse Juarbe Jiminez, commissioner, …

Industry leaders debate federal versus state regulation with Democratic Congress shift

Could federal regulation of the insurance industry become a reality, now that Democrats control both the House and Senate in Congress?And are consumers and the insurance industry ready for such a scenario? Other financial industries operate under federal regulation, why …

New Markets

Hospitality Program Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 …

Okla. Woman to Receive Less than Damage Award from Insurer

A Tulsa woman expects to receive far less than the $61 million awarded to her by an Oklahoma City federal jury in her gender discrimination lawsuit because of a cap on non-economic damages. Kelly Grant, 38, said the jury must …

Oklahoma-based IIB sues Team Bank, Mystic Capital Advisors

International Insurance Brokers Ltd., headquartered in Tulsa, Okla., filed suit in the United States District Court for the Northern District of Oklahoma against TeamBank N.A., Team Financial Inc. and Mystic Capital Advisors Group LLC claiming damages for conspiracy, fraud, misrepresentation …