Oklahoma News

New Markets

Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …

Reaping the wind will be the responsibility of insurers

There seem to be many questions on the minds of consumers, agents and public policy makers about coastal insurance issues presently and in the future. As an industry, we have been forthright about insurance issues facing coastal residents and people …

It Figures

$309 Million The Federal Emergency Management Administration has determined nearly 70,000 households wrongly received $309.1 million in grants related to Hurricane Katrina recovery efforts, and officials acknowledge those numbers are likely to rise. According to the Associated Press, in the …

Business Moves

Royal & Sun A state hearing officer recommended Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal and Sun Alliance Insurance Group’s U.S. operations. The subject of a lengthy hearing last month, the proposed buyout awaits …

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 …

New Markets

Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …

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 …

8 La.’s Blanco: Industry over-reacting to hurricanes

Governor says state is making headway on storm protection 9 Ark. auto insurance fraud suspect turns self in Fraud ring allegedly scammed hundreds of thousands of dollars 10 New Orleans couple drops suit against Allstate No explanation given for vacating …

Figures

$309 Million The Federal Emergency Management Administration has determined nearly 70,000 households wrongly received $309.1 million in grants related to Hurricane Katrina recovery efforts, and officials acknowledge those numbers are likely to rise. According to the Associated Press, in the …

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, …