Alexander Chatfield Burns News

State Regulation Worked in Red Rock/Foster Jennings Case: Oklahoma Commissioner

The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent report in the Wall Street Journal. But Oklahoma’s insurance …

Wall Street Journal: Collapse of Southport Lane’s Insurance Empire

An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being dismantled, according to the Wall Street Journal. …