November 14, 2012
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of National American Insurance Co. (NAICO) in Chandler, Okla. NAICO is a specialty property/casualty …
November 14, 2012
Despite reform attempts, Oklahoma’s workers’ compensation insurance rates continue to be among the most expensive in the country, according to a recent study. The Oregon Department of Consumer and Business Services’ biennial study ranks workers’ compensation rates in all 50 …
November 9, 2012
Former Oklahoma insurance agent Marshall Virden has been sentenced to two years in prison for defrauding senior citizens in Wagoner County, the Oklahoma Insurance Department (OID) announced. The punishment comes after a lengthy investigation by the OID. Virden pled guilty …
November 1, 2012
With Oklahoma preparing for a much-debated new law that allows people to carry their previously concealed firearms out in the open, state officials say they’ve seen a big increase in the number of residents seeking a handgun license. Oklahoma’s open-carry …
October 26, 2012
The mother of a Claremore man found dead last year at an eastern Oklahoma drug rehab center with ties to the Church of Scientology filed a wrongful death lawsuit on Wednesday against the facility, alleging staff was improperly trained and …
October 19, 2012
A second man who was injured in an explosion at a southern Oklahoma oil refinery has died. A spokesman at the University of Oklahoma Medical Center in Oklahoma City says Russell Mann of Davis died Oct. 16. Mann was injured …
October 18, 2012
Oklahoma Insurance Commissioner John Doak told state lawmakers and tribal leaders that he welcomed a partnership with Oklahoma tribes to create additional insurance opportunities for all Oklahomans, according to an an announcement released by the House media services. “We look …
October 17, 2012
Oklahoma’s attorney general delivered $20,000 to a Tulsa couple on Oct. 15, the first of hundreds of mortgage settlement checks to be given to homeowners who were victims of wrongful lending practices and in some cases lost their homes. “It …
October 17, 2012
A.M. Best Co. announced it has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit rating to “bbb-” from “bbb” of Farmers Mutual Fire Insurance Co. (Farmers) in Okarche, Okla. The outlook for both ratings …
October 16, 2012
Oklahoma State Rep. Joe Dorman wants to find out what insurance options could be made available for career technology students in Oklahoma. In announcement released by the Oklahoma House of Representatives, Dorman, D-Rush Springs, said his interest was spurred by …