July 20, 2009
American Safety, Victore Insurance Bermuda-based American Safety Insurance Holdings Ltd.’s American Safety Casualty Insurance Co. (ASCIC) subsidiary has acquired Victore Insurance Co. (VIC), an Oklahoma domiciled admitted insurance company headquartered in Oklahoma City. VIC provides customized bonding solutions for the …
July 20, 2009
LoriAnn Lowery resigned her position as president of Lloyd’s North America after a little more than a year on the job. Lowery took over as Lloyd’s North America president in April 2008, replacing long-time president Wendy Baker. Before joining Lloyd’s, …
July 20, 2009
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. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …
July 20, 2009
Workers’ compensation reform proposals will be subjected to legislative scrutiny through an Oklahoma House of Representatives study requested by state Rep. Mark McCullough, among others. McCullough, who has authored several reform measures in recent years, said the study will allow …
July 15, 2009
Dallas-based Apex Global Partners Inc. (AGP) has expanded its employee benefits operations by opening a new office in Oklahoma City. In conjunction with the expansion, AGP appointed Brad Williams as director of Oklahoma business development for the group’s Oklahoma Employee …
July 14, 2009
Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …
July 13, 2009
An Oklahoma County judge has denied a request for former state Insurance Commissioner Carroll Fisher for early release from a private prison. State Attorney General Drew Edmondson had opposed the 69-year-old Fisher’s request, which Fisher’s attorney says District Judge Kenneth …
July 13, 2009
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Arch Capital Group Ltd.(ACGL) and its operating subsidiaries to positive from stable. S&P also affirmed our ‘BBB+’ counterparty credit and senior debt ratings on …
July 10, 2009
Oklahoma’s new electronic verification system for vehicle insurance is now online and fully operational. Oklahoma Tax Commission spokeswoman Paula Ross says validating insurance electronically gives immediate confirmation that a driver has a valid policy. The system is designed to help …
July 9, 2009
Oklahoma Insurance Commissioner Kim Holland has fined National Home Protection Inc., which the state insurance department said has failed to respond to a previously issued emergency cease and desist order directing the company to stop selling insurance products in the …