Oklahoma News

CNA Appoints New Commercial Underwriting Officers

Chicago-based CNA Financial Corporation has appointed new commercial underwriting officers in several branch offices. The following commercial underwriting officers are scheduled to begin their new roles in April: Jamie Gibbins has more than 20 years of insurance experience. She began …

Brown & Brown Elects Bridges Western Regional President

The Board of Directors of Brown & Brown Inc. has elected C. Roy Bridges regional president responsible for most of the company’s retail operations in the western United States. He will continue to have regional oversight responsibility for certain offices …

Oklahoma Raises $65M Selling Data; Customers Include Insurance Cos.

The state of Oklahoma has collected at least $65 million in the past five years by selling personal information from motor vehicle records, according to newspaper reports. Wellon Poe, the chief legal counsel for the state’s Department of Public Safety, …

Motorcycle Safety Bills Pass in Oklahoma

Increasing motorcycle registrations and a rise in motorcycle-related fatalities in Oklahoma have prompted passage in the state Legislature of a pair of measures aimed at improving motorcycle safety. HB 2264, “Gunner’s Bill,” authored by state Rep. Mike Christian and state …

Florida’s Federated National Gets $10 Million in Capital; Rating Affirmed

Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from Demotech, Inc., a rating agency, requiring that FNIC obtain additional …

D&O Coverage as a Partner in Crime (and Fidelity)

While high-profile crimes like Bernie Madoff’s $65 billion Ponzi scheme generate headlines, employees at companies across the county are committing smaller, low profile crimes every day. Many employee theft schemes — which typically go on for years — don’t make …

AIG Expects to Repay Government Before 2013, Says CEO

American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line. AIG, which has been selling assets to repay the …

Survey: Midwest Economy Shows Modest Growth Trends

Business conditions in the Midwest are generally on an upward swing, according to a survey of supply managers and business leaders in the region. The Creighton Economic Forecasting Group, directed by Creighton University economics professor Ernie Goss, gauges business conditions …

State Rep.: Oklahoma Workers’ Comp Court Officials Should Go

Saying the state’s Workers’ Compensation Court has for years stonewalled legislative records requests, state Rep. Mike Reynolds has called for the dismissal of the court’s administrator, Marcia Davis, and legal counsel, Tish Sommer. “Court officials have made one excuse after …

Ratings Roundup: Victoire, Merna Re II, Utica Mutual

A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) of Oklahoma City, both with stable outlooks. The ratings reflect VICTORE’s current “modest underwriting leverage, sound balance …