Oklahoma News

Oklahoma House Republicans Roll Out Their Workers’ Comp Reform Plan

Republicans in the Oklahoma House of Representative followed their counterparts in the state Senate on Jan. 14 by introducing their plan to overhaul Oklahoma’s workers’ compensation system. Senate Republicans unveiled their legislative intent on Jan. 11. The Republicans say an …

Grinnell Mutual Names Crawford President and CEO

Steve Crawford has been named president and chief executive officer at Grinnell Mutual Reinsurance Company located in Grinnell, Iowa. For the past two years, Crawford has served as the company’s chief operating officer. During Crawford’s 34-year career at Grinnell Mutual …

Restructuring Workers’ Comp Among Goals for Oklahoma Senate GOP

Reforming Oklahoma’s workers’ compensation system will be among state Senate Republicans’ top legislative goals for 2010. Republicans, who enjoy a majority in the Oklahoma Senate, are led by Senate President Pro Tem Glenn Coffee (R-OKC) and Majority Floor Leader Todd …

Inadequate Warning Claims Against Generic Drugs OK Under State Law

A federal appeals court said Friday that patients may sue generic drugmakers under state law for failing to provide adequate warnings about their drugs’ potential side effects, extending a 2009 U.S. Supreme Court ruling governing makers of name-brand drugs. The …

People

The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the day he graduated from the University …

Business Moves

TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …

Texas, Louisiana Homeowners Insurance Pricey; Florida Most Expensive

Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium in Louisiana for a standard homeowners policy in 2007, …

People

Virginia-based specialty insurer Markel Corp. announced that its President and Chief Operating Officer Paul W. Springman resigned. Springman had been on a leave of absence since late October. The Independent Insurance Agents & Brokers of America (the Big “I”) named …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Stop All ID Fraud Market Detail: USX/S offers agents access to real ID theft protection …

Trends for 2010

Soft Market, Economy, Taxes and the Producer Dilemma on the Frontlines for Agents To be proactive, one needs to understand and exploit current and future trends. Most trends can be predicated by understanding recurring cycles and applying that knowledge to …