Insurance Journal » Oklahoma http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 16 Sep 2014 21:16:03 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Magnitude 3.7 Quake Rattles Perry, Oklahoma, Area http://www.insurancejournal.com/news/southcentral/2014/09/15/340459.htm Mon, 15 Sep 2014 14:58:58 +0000 http://www.insurancejournal.com/?p=340459 The U.S. Geological Survey says an earthquake with a preliminary magnitude of 3.7 has rattled an area south of Perry on Sept. 12. There were no immediate reports of injuries or damage following Friday morning’s earthquake. The USGS says the …

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In Suit, Oklahoma Ex-Inmates Claim Private Halfway House Violated Civil Rights http://www.insurancejournal.com/news/southcentral/2014/09/11/340221.htm Thu, 11 Sep 2014 15:48:17 +0000 http://www.insurancejournal.com/?p=340221 Some former inmates are suing Tulsa, Okla., halfway house workers who they claim violated their civil rights by organizing fight clubs and beatings. The lawsuit filed in federal court seeks more than $75,000 in punitive damages for “severe physical injuries,” …

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4.3-Magnitude Quake in Oklahoma: USGS http://www.insurancejournal.com/news/southcentral/2014/09/10/340122.htm Wed, 10 Sep 2014 16:46:23 +0000 http://www.insurancejournal.com/?p=340122 The U.S. Geological Survey says an earthquake with a magnitude of 4.3 has struck northern Oklahoma. The USGS says the quake hit at 11:21 a.m. Monday 1 mile north-northeast of Medford, or 30 miles north-northeast of Enid. The earthquake had …

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Former Oklahoma Insurance Agent Sentenced for Selling Sans License http://www.insurancejournal.com/news/southcentral/2014/09/09/340055.htm Wed, 10 Sep 2014 03:00:51 +0000 http://www.insurancejournal.com/?p=340055 A former Oklahoma insurance agent has received a five-year suspended sentence and a $2,500 fine for selling insurance without a license. Preston Chadwick Henson, 44, was convicted of the felony after entering a no contest plea in Kingfisher County. The …

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Researchers Developing Tool to Help Oklahoma Farmers Predict Drought http://www.insurancejournal.com/news/southcentral/2014/09/09/339975.htm Tue, 09 Sep 2014 12:33:19 +0000 http://www.insurancejournal.com/?p=339975 Weather researchers are developing a new tool they say could give Oklahoma farmers and ranchers as much as a month’s warning when drought conditions are on the way. The Evaporative Stress Index is a system being developed by the U.S. …

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Oklahoma 2015 Health Insurance Exchange Rates Include Hikes, Decreases http://www.insurancejournal.com/news/southcentral/2014/09/05/339663.htm Fri, 05 Sep 2014 05:14:11 +0000 http://www.insurancejournal.com/?p=339663 Oklahomans shopping for individual health insurance policies through the federal exchange will be able to choose from six different companies offering multiple plans, the Oklahoma Insurance Department announced. Rate renewals for 2015 policies range from a decrease of 9.1 percent …

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Workers’ Comp Loss Costs Declining Again in Oklahoma http://www.insurancejournal.com/news/southcentral/2014/09/03/339407.htm Wed, 03 Sep 2014 16:41:01 +0000 http://www.insurancejournal.com/?p=339407 For the second straight year, workers’ compensation loss costs used by insurers to determine rates for employers will show an overall decrease in Oklahoma. The National Council on Compensation Insurance (NCCI) has filed an overall loss cost level decrease of …

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Report: Midwest Economy Still Strong, Growth to Continue http://www.insurancejournal.com/news/midwest/2014/09/03/339389.htm Wed, 03 Sep 2014 16:25:34 +0000 http://www.insurancejournal.com/?p=339389 The economy remained strong in nine Midwest and Plains states in August, and a monthly survey of business leaders released Sept. 2 suggests growth will continue in the months ahead. The region’s overall economic index inched up to 57.2 last …

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Oklahoma Widow Awarded $503K in Contested Workers’ Comp Case http://www.insurancejournal.com/news/southcentral/2014/09/02/339207.htm Tue, 02 Sep 2014 16:20:59 +0000 http://www.insurancejournal.com/?p=339207 The widow and son of a Bartlesville, Okla., man who died during firefighting training have been awarded more than $503,000 in federal and state death benefits despite testimony that said the man was never with a fire department. Thomas Russell …

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Oklahoma to Require Earthquake Insurance Education for Producers http://www.insurancejournal.com/news/southcentral/2014/08/27/338765.htm Wed, 27 Aug 2014 16:55:21 +0000 http://www.insurancejournal.com/?p=338765 Oklahoma Gov. Mary Fallin has approved an emergency rule adopted by Insurance Commissioner John D. Doak that requires all licensed producers and adjusters with the property line of authority to complete one hour of continuing education on the topic of earthquake insurance every …

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California-Based Palomar Specialty Insurance Expands Into More States http://www.insurancejournal.com/news/west/2014/08/22/338418.htm Fri, 22 Aug 2014 16:32:38 +0000 http://www.insurancejournal.com/?p=338418 La Jolla, Calif.-based Palomar Specialty Insurance Co., established in February 2014 as a specialty catastrophe insurer, announced it is now licensed to write residential and commercial insurance in 14 states. Palomar Specialty initially focused on writing residential earthquake insurance, commercial …

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Sexual Harassment Claims Against Oklahoma Group Settled http://www.insurancejournal.com/news/southcentral/2014/08/11/337270.htm Mon, 11 Aug 2014 16:29:21 +0000 http://www.insurancejournal.com/?p=337270 The Grand River Dam Authority in Oklahoma has reached settlements with two ex-employees over claims of sexual harassment and wrongful termination. The settlements follow a 10-month investigation into claims of sexual harassment and wrongful termination against the organization’s CEO and …

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OSHA: Safety Violations Continue at Oklahoma Oil Refinery http://www.insurancejournal.com/news/southcentral/2014/08/06/336955.htm Wed, 06 Aug 2014 16:37:17 +0000 http://www.insurancejournal.com/?p=336955 U.S. Department of Labor’s Occupational Safety and Health Administration has cited an Oklahoma oil refinery with five repeat and three serious violations for continuing to expose workers to unsafe conditions. As a result, OSHA imposed a fine of $184,800 on …

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Copper Wire Thieves Hit Oklahoma City, Knock Out Street Lights http://www.insurancejournal.com/news/southcentral/2014/07/31/336340.htm Thu, 31 Jul 2014 16:51:07 +0000 http://www.insurancejournal.com/?p=336340 Oklahoma City police say they’re investigating the largest copper wire heist that’s ever happened in the city. Drivers were left in the dark after thieves cut down copper wires from traffic signals and light poles this past weekend. Police Cpt. …

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Dhandho Acquiring Louisiana’s Stonetrust Commercial Mutual Insurance http://www.insurancejournal.com/news/southcentral/2014/07/31/336332.htm Thu, 31 Jul 2014 16:44:18 +0000 http://www.insurancejournal.com/?p=336332 Stonetrust Commercial Mutual Insurance Holding Co. announced it has agreed to be acquired by Dhandho Holdings LP and Dhandho Holdings Qualified Purchaser LP, based in Irvine, Calif. Stonetrust is a Louisiana-based mutual insurance holding company and the parent company of …

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Northern Oklahoma Hit with 4.3 Magnitude Quake http://www.insurancejournal.com/news/southcentral/2014/07/30/336181.htm Wed, 30 Jul 2014 16:27:38 +0000 http://www.insurancejournal.com/?p=336181 The U.S. Geological Survey says an earthquake with a preliminary magnitude of 4.3 struck northern Oklahoma on Monday night. The USGS reports the quake with an epicenter about 15 miles west-southwest of Medford hit around 9:45 p.m. at a depth …

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Texas Man to Pay $42.1K Restitution for Home Repair Fraud in Oklahoma http://www.insurancejournal.com/news/southcentral/2014/07/22/335384.htm Tue, 22 Jul 2014 04:43:19 +0000 http://www.insurancejournal.com/?p=335384 After a four-year pursuit, the Oklahoma Attorney General’s Office says it has secured $42,158 in restitution from a Texas man for Oklahoma victims of home repair fraud. The office said that Randy Leroy Madewell of Danbury, Texas, was charged in …

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Minor Damage Reported after 2 Oklahoma Earthquakes http://www.insurancejournal.com/news/southcentral/2014/07/16/334838.htm Wed, 16 Jul 2014 17:23:25 +0000 http://www.insurancejournal.com/?p=334838 Minor damage has been reported after back-to-back earthquakes hit an Oklahoma City suburb early on July 15. The U.S. Geological Survey says a 3.8 magnitude earthquake hit 3 miles north-northeast of Harrah shortly after 2 a.m. About two hours later, …

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CPro Associates Spin-Off Concentrating on Commercial Insurance Business http://www.insurancejournal.com/news/southcentral/2014/07/16/334793.htm Wed, 16 Jul 2014 16:08:59 +0000 http://www.insurancejournal.com/?p=334793 Dallas-based CPro Associates has spun off its binding authority and programs unit as a new company, B&H Risk Services Inc., headed by William E. Buckley. Buckley joined CPro in late 2013 to form and develop the new business unit. B&H focuses …

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7 More Small Earthquakes Shake Central Oklahoma http://www.insurancejournal.com/news/southcentral/2014/07/15/334637.htm Tue, 15 Jul 2014 16:30:08 +0000 http://www.insurancejournal.com/?p=334637 The U.S. Geological Survey on July 13 recorded seven small earthquakes shaking central Oklahoma in a span of about 14 hours. The temblors are part of an increase in earthquakes across Oklahoma, Texas and Kansas that some scientists say could …

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Texas-Based Insurance Agency Aggregator, CAA, Grew by 21% in 2013 http://www.insurancejournal.com/news/southcentral/2014/07/14/334508.htm Mon, 14 Jul 2014 16:54:49 +0000 http://www.insurancejournal.com/?p=334508 Austin, Texas-based Combined Agents of America LLC (CAA) announced that through organic and membership growth the insurance agency aggregator grew by 21 percent in 2013. CAA wrote more than $707.8 million in property/casualty premium in 2013, compared to $566.7 million …

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Study Shows How Wastewater Injections Are Causing Oklahoma Quakes http://www.insurancejournal.com/news/southcentral/2014/07/08/334045.htm Tue, 08 Jul 2014 16:42:58 +0000 http://www.insurancejournal.com/?p=334045 A new study explains how just four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 small-to-medium earthquakes in the past five years, according to …

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Surge in Oklahoma Quakes Has Residents Seeking Answers http://www.insurancejournal.com/news/southcentral/2014/06/27/333161.htm Fri, 27 Jun 2014 16:23:15 +0000 http://www.insurancejournal.com/?p=333161 Oklahoma residents whose homes and nerves have been shaken by an upsurge in earthquakes want to know what’s causing the temblors — and what can be done to stop them. Hundreds of people were expected to turn out in Edmond, …

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Quakes Spur Oklahoma Road and Bridge Inspections http://www.insurancejournal.com/news/southcentral/2014/06/24/332800.htm Tue, 24 Jun 2014 16:17:53 +0000 http://www.insurancejournal.com/?p=332800 The recent spate of strong earthquakes in central Oklahoma hasn’t caused any significant damage to bridges and roads, according to the Oklahoma Department of Transportation. The agency said ODOT crews inspect bridges in a five- to 10-mile radius from the …

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Oklahoma Insurance, Commerce Commissioners to Be Decided in Primary http://www.insurancejournal.com/news/southcentral/2014/06/23/332675.htm Mon, 23 Jun 2014 16:20:12 +0000 http://www.insurancejournal.com/?p=332675 Voters in the Republican primary in Oklahoma will decide who will be the state’s next regulators of both the insurance industry and a wide range of other businesses overseen by the three-member Oklahoma Corporation Commission, including the important oil and …

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Swartz Tapped to Head Marsh Office in Tulsa, Oklahoma http://www.insurancejournal.com/news/southcentral/2014/06/19/332465.htm Thu, 19 Jun 2014 16:32:34 +0000 http://www.insurancejournal.com/?p=332465 Global insurance broker and risk management specialist, Marsh, appointed Tom Swartz as head of its Tulsa, Okla., office. Swartz is responsible for delivering Marsh’s advisory and transactional services to clients throughout Oklahoma. He succeeds John Newell, who will remain with …

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Messer-Bowers’ Donaldson Named Client Service Professional of the Year http://www.insurancejournal.com/news/southcentral/2014/06/10/331526.htm Tue, 10 Jun 2014 22:52:27 +0000 http://www.insurancejournal.com/?p=331526 Kristina Donaldson, account manager at Messer-Bowers Company, an independent insurance agency in Enid, Okla., was recently named International Client Service Professional of the Year at the annual convention of the International Association of Insurance Professionals (IAIP). The award recognizes an …

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Report: Healthy Midwest Economic Growth Expected http://www.insurancejournal.com/news/midwest/2014/06/03/330886.htm Tue, 03 Jun 2014 16:24:41 +0000 http://www.insurancejournal.com/?p=330886 A monthly economic index for nine Midwestern and Plains states inched up in May, suggesting healthy economic growth is coming over the next three to six months, according to a report released. The overall Mid-America Business Conditions Index rose to …

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Backers of Oklahoma School Storm Shelters not Giving Up http://www.insurancejournal.com/news/southcentral/2014/06/02/330775.htm Mon, 02 Jun 2014 16:29:40 +0000 http://www.insurancejournal.com/?p=330775 It’s been a little more than a year since seven children were killed when a massive tornado destroyed Plaza Towers Elementary School in Moore, but their families are still no closer to the goal of placing storm shelters in every …

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Farmers Insurance, Nonprofit, Team Up on Disaster Recovery in Oklahoma http://www.insurancejournal.com/news/southcentral/2014/05/30/330517.htm Fri, 30 May 2014 16:23:42 +0000 http://www.insurancejournal.com/?p=330517 As storm season ramps up in Oklahoma, a nonprofit group formed in the wake of Hurricane Katrina is teaming with a national insurance company to help better prepare communities for the recovery after a natural disaster. The St. Bernard Project …

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