Trusted Choice names president
Trusted Choice Independent Insurance Agents of Oklahoma has named Denise Johnson its new president and chief executive officer. Johnson succeeds Dan Ramsey, who is retiring Sept. 1 after 15 years leading the association. Johnson, a former chairman of the board of directors, is a principal partner of Piedmont’s ECI Insurance, which was founded by her father in 1964. “I have served on the board of directors for some time, and my term as chairman certainly will aid in my transition to managing the association on an everyday basis,” Johnson said. “I am ready for the challenge and look forward to building upon the outstanding member services and education programs of our association, while also working with our members and their customers in whatever manner is necessary.”
New Sears store to open Tuesday
A new Sears store will open Tuesday in Oklahoma City near Quail Springs Mall. The Sears Hometown Store, at 14040 Joel McDonald Drive, allows customers to have access to the products and brands usually found only in Sears stores. “We’re both proud and excited to fulfill high consumer demand for Sears Hometown Stores in the Oklahoma City area and to become a staple in the community,” said Jake Brock, owner of the new store. “We have a knowledgeable team in place with the focus on providing customers with great products, exceptional customer service and a personalized store experience.” The store will be open from 9:30 a.m. to 7 p.m. Monday to Saturday and from noon to 5 p.m. Sunday. For more information, call 752-7700 or go to searshometownstores.com.
Employee insurance rates OK’d
More than 292,000 active and retired public employees in Oklahoma will see changes Jan. 1 after the Office of Management and Enterprise Services approved 2015 premium rates for health, dental, life, disability and vision insurance plans. The 2015 rates will see overall increases of 2.55 percent for the self-funded HealthChoice PPO plans offered to active employees and pre-Medicare retirees, and a 5.22 percent decrease for the HealthChoice Medicare Supplement With Part D Plans. Other 2015 rate changes include an 11.59 percent decrease in the HealthChoice High Deductible Health Plan premium, and a 1.95 percent increase in the HealthChoice Dental Plan. The disability and life insurance plans remain unchanged for 2015. For 2015 HMO plans, contracts will be awarded to CommunityCare HMO, which will see a 16 percent increase for 2015, and GlobalHealth HMO, which will see a 9 percent increase. The approved rates will take effect Jan. 1. For more information, go to ok.gov/sib/Member/Premiums/index.html.
NGL Energy Partners LP
TULSA — NGL Energy Partners LP reported a net loss Monday of $39.9 million, or a loss of 61 cents per common unit, for the first quarter of its 2015 fiscal year, up from a net loss of $17.5 million, or 35 cents per common unit, for the same period last year. Not including legal and acquisition costs, NGL Energy reported adjusted earnings of $43.1 million for the quarter, up from adjusted earnings of $27.4 million in the first quarter of fiscal 2014. The company recently acquired TransMontaigne Inc. for $173.8 million. It also raised $370.5 million through a public offering of 8.7 million common units. NGL operates businesses ranging from water solutions, crude oil and natural gas liquids logistics, refined products and retail propane.
From Staff Reports