Oklahoma News

Lawmaker: Oklahoma Cannot Wait On Insurance Exchange

A legislative panel exploring the impact of the new federal health care law on Oklahoma will likely suggest that the state should do the minimum amount required to comply with the act, the committee’s chairman said. State Sen. Gary Stanislawski, …

Van Wagoner Entering Oklahoma Commercial Earthquake Market

Texas-based managing general agency, Van Wagoner Companies, plans to begin selling “monoline” commercial earthquake insurance as a surplus line in Oklahoma, the Oklahoma Insurance Department announced. Van Wagoner’s earthquake insurance will be available in Oklahoma through selected independent agents. Oklahoma …

Oklahoma Lawmaker: State Needs to Review Earthquake Issues

In light of the increasing number and severity of earthquakes in Oklahoma, state Rep. Mike Shelton said lawmakers need to review disaster preparedness-and-response policies. “I represent much of eastern Oklahoma County where many of these earthquakes have been centered,” said …

Not Much Earthquake Insurance Sold in Oklahoma

About $6.7 million in earthquake insurance is written annually in Oklahoma, state insurance regulators say. Only about 1 percent of homeowners carry earthquake insurance — earthquake damage typically is not covered in homeowners policies. The recent spate of tremblors in …

Numerous Aftershocks Follow 5.6 Magnitude Earthquake in Central Oklahoma

Central Oklahoma on Nov. 6 experienced dozens of aftershocks following a magnitude 5.6 earthquake that hit late in the evening on Nov. 5 and the magnitude 4.7 tremblor that occurred earlier on the same day east of Oklahoma City, the …

Insurance Regulators: Oklahoma’s Financial Examination Process Corrected

A national organization of state insurance regulators found that Oklahoma has resolved problems in the financial examination section of the state insurance department that were discovered in a review of the agency in February 2010. Oklahoma Insurance Commissioner John D. …

Lawsuit Cap Prompts Oklahoma Courthouse Rush

Courthouse officials across Oklahoma have reported a surge in civil cases being filed ahead of a law that took effect Nov. 1 that caps the amount of damages plaintiffs in bodily injury lawsuits can collect for pain and suffering. The …

Increased Penalties for Driving Under the Influence Begin in Oklahoma

Beginning Nov. 1, Oklahomans who drive drunk will face tougher penalties — changes that supporters say will save lives. Sen. Clark Jolley and Rep. Jason Nelson authored the Erin Swezey Act last session, which won overwhelming approval by the legislature …

Tremors in Oklahoma a Reminder to Check for Quake Coverage

Recent minor earthquakes have rattled Oklahoma homes and businesses; seven tremors have been reported in the state during the month of October. Yet there are cracks in the insurance policies of many Oklahomans, according to Oklahoma Insurance Commissioner John D. …

Farmers Insurance: Nov.1 Will Dramatically Impact Oklahoma Drivers

Farmers Insurance is advising Oklahoma residents that a new law, which goes into effect on Nov. 1, will have a significant effect on all drivers, especially those who drive without proper automobile insurance. The new measure, Senate Bill 272, which …