Oklahoma News

And the Best, Worst States for Tort Liability Costs Are…

Alaska, Hawaii and North Carolina get thumbs up while New Jersey, New York and Florida get thumbs down for their tort liability costs in the latest ranking by a free-market think tank. The states with the worst performance had the …

Oklahoma Governor Signs Workers’ Compensation Bills

Gov. Brad Henry has signed legislation requiring Senate confirmation of his nominees to the Workers’ Compensation Court that was similar to a measure he vetoed last year. Henry signed the legislation June 8 along with a second bill involving workers’ …

Louisiana to American Trade Association: Stop Selling Insurance

Louisiana Department of Insurance Fraud Section Investigators served American Trade Association, its 13 companion companies and 14 personnel with cease and desist orders on June 7, 2010, for selling unauthorized insurance in Louisiana. Louisiana’s action follows regulatory moves against ATA …

State Farm Won’t Add New Flood Policies but Agents Will Still Sell Them

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 State Farm agents will continue to help their customers with …

Armer Elected President of Central Oklahoma Chapter of CPCU Society

Tammy Armer, commercial and farm underwriter with Westphalen Insurance Services, has been elected president of the Central Oklahoma Chapter of CPCU Society. Also elected were: Vice President David Wilhite, project manager with Farmers Insurance; and Secretary-Treasurer Brad Fast, marketing representative …

Ohio Revokes Insurers’ Licenses

The Ohio Department of Insurance has revoked the licenses of two troubled insurance companies: Imperial Casualty and Indemnity Co. of Oklahoma City, Okla., and Atlantic Mutual Insurance Co. (AMIC) of New York, N.Y. In March 2010, the District Court of …

Oklahoma Lawmakers Pass Workers’ Comp Legislation

The Oklahoma Legislature passed four measures that alter the state workers’ compensation system, including one that requires Senate confirmation of Workers’ Compensation Court judges – a proposal that Gov. Brad Henry vetoed last year. The House and Senate sent the …

In Developing Producers, a Little Help From One’s Friends Goes a Long Way

As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business – where building relationships are key to success – that friend often is more than …

People

Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and statistics. Wall is among five new board …

Business Moves

Fairfax, Zenith National Insurance Toronto-based Fairfax Financial Holdings Ltd. and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax of Zenith pursuant to the previously announced merger …