Oklahoma News

Oklahoma to Place Pegasus Insurance into Rehabilitation

A district court judge has authorized Oklahoma Insurance Commissioner Kim Holland to place Pegasus Insurance Company into rehabilitation. Pegasus specializes in workers’ compensation for professional employer organizations (PEOs), or employee leasing entities, according to information posted on the company’s Web …

Oklahoma State Revenue Up but So Is Unemployment Rate

The good news is that state revenue in Oklahoma is improving. The bad news is that the state’s unemployment rate is increasing. The state Board of Equalization has certified revenue that will be available to pay for state services during …

Lawmakers Say Insurance Reform Veto Will Cost Oklahoma Agencies

Republican lawmakers in Oklahoma say a gubernatorial veto will keep numerous agencies, including some of the state’s largest, from saving millions in health care costs. Legislation that supporters say would have streamlined state and education employee health insurance in an …

State Farm Won’t Add New Flood Policies

State Farm Insurance Co. has decided to discontinue writing new flood insurance policies with the National Flood Insurance Program but the company says it will still service existing policies and that State Farm agents will continue to help their customers …

71 As of June 5, the Louisiana Department of Health and Hospitals had received 71 reports of health complaints thought to be caused by exposure to pollutants from the British Petroleum oil well blowout off the coast of Louisiana. The …

People

Lloyd Eisenrich, president of Weatherby-Eisenrich Inc. in Andrews, Texas, has been elected president of Combined Agents of America LLC (CAA), headquartered in Austin. The other members of the 2010 CAA management committee are: Chairman of the Board Bill Bridges, executive …

Oklahoma Flooding Causes Insurance Problems for Some Homeowners

Recent severe flooding in Oklahoma, on top of extensive damage caused by violent storms in May, have caused headaches for property owners and insurers alike in that state. The June deluge caused additional to homes of some residents still waiting …

Storm Management

The Atlantic hurricane season forecasts are in and they aren’t pretty. All the major forecasters have predicted the season will be much more active than last season. The National Oceanic and Atmospheric Administration (NOAA) expects an “active to extremely active” …

May Storms in Oklahoma Caused $1B in Damage

One of the most destructive weather months in Oklahoma history could end up having the state’s highest insurance loss payout in recent memory, industry experts have said. It will be months before all the claims are in from three major …

Arthur J. Gallagher & Co. Acquires Arkansas Insurance Agency

Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired the operations of Bowen, Miclette, Britt & Merry of Arkansas Inc. in Fort Smith, Ark., from Bowen, Miclette & Britt Insurance Agency LLC in Houston, Texas, …