Oklahoma News

A.M. Best: Outlook Positive for Oklahoma’s National American Insurance Co.

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 …

Study: Oklahoma Workers’ Comp Costs Among Highest in Nation

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 …

Former Insurance Agent Headed to Prison for Defrauding Oklahoma Seniors

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 …

Oklahoma Prepares for Open Carrying of Firearms

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 …

Lawsuit Filed in Oklahoma over Scientology-Linked Center Death

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 …

2nd Worker Injured in Oklahoma Refinery Blast Dies

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 …

Oklahoma Tribes Exploring Opportunities in Insurance Industry

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 …

Oklahoma AG Delivers First Mortgage Settlement Check

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 …

A.M. Best Downgrades Oklahoma’s Farmers Mutual Fire Insurance

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 …

Oklahoma Lawmaker Examining Insurance Options for Career Tech Students

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 …