Companies doing business within state are now authorized to self-insure, or provide reinsurance for, its own and its affiliates operational risks such as employee benefit plans, liability insurance and workers compensation insurance.

Companies doing business within state are now authorized to self-insure, or provide reinsurance for, its own and its affiliates operational risks such as employee benefit plans, liability insurance and workers compensation insurance.

Despite 10 of the 12 costliest storms for insurers occurring within the last decade, industry expertsstaring in the face of yet another predicted above-average hurricane seasonsay insurers are prepared.

Payments on property and auto insurance claims for the May 19 and 20 tornadoes that affected 16 residential counties in Oklahoma have already reached at least $85 million, reports the states insurance department.

Payments on property and auto insurance claims for the May 19 and 20 tornadoes that affected 16 residential counties in Oklahoma have already reached at least $85 million, reports the states insurance department.

Oklahoma Insurance Commissioner John Doak is suspending policy non-renewals, cancellations and terminations for Oklahomans affected by the severe storms that tore through the state May 19 and 20.

Oklahoma Insurance Commissioner John Doak is suspending policy non-renewals, cancellations and terminations for Oklahomans affected by the severe storms that tore through the state May 19 and 20.

NOAAs Climate Prediction Center predicts a 70 percent likelihood of 13 to 20 named storms in the Atlantic this hurricane season.