Insurance Business Transfer (IBT) News

Commissioner: Oklahoma Completes First Insurance Business Transfer in U.S.

The District Court of Oklahoma County has approved Providence Washington Insurance Company (PWIC) to complete its Insurance Business Transfer (IBT) Plan, making it the first such transfer in the United States, according to Oklahoma Insurance Commissioner Glen Mulready. The Oklahoma …

Oklahoma Commissioner OKs Rhode Island Insurer’s Insurance Business Transfer Plan

Oklahoma Insurance Commissioner Glen Mulready on Nov. 26 authorized Rhode Island-based insurance Providence Washington Insurance Co. (PWIC) to submit its Insurance Business Transfer (IBT) Plan to the District Court of Oklahoma County for approval. According to the Oklahoma Insurance Department, …