doak News

Oklahoma Insurance Department Trims Budget by $675K in 2011

Oklahoma’s top insurance regulator says the department spent nearly $675,000 less in 2011 than it did in 2010. For the 12 months ending Dec. 31, 2011, the insurance department spent $11,160,855.28 compared to $11,833,228.01 in 2010, a total savings of …

Oklahoma Commissioner Disappointed in Denial of MLR Waiver Request

Oklahoma’s top insurance regulator believes the medical insurance market is headed for “disruption” as a result of the medical loss ratio component of federal health insurance reform After Oklahoma’s request for a waiver of the MLR requirement was denied by …

Oklahoma Insurance Commissioner Doak Has Had a Full Plate in 2011

In his first year as insurance commissioner of Oklahoma, John Doak has been a busy man. Doak and the agency he leads have had their hands full implementing reforms in the workers’ compensation system, dealing with a host of natural …

Tremors in Oklahoma a Reminder to Check for Quake Coverage

Recent minor earthquakes have rattled Oklahoma homes and businesses; seven tremors have been reported in the state during the month of October. Yet there are cracks in the insurance policies of many Oklahomans, according to Oklahoma Insurance Commissioner John D. …