American Fidelity is honored
American Fidelity Assurance Co. has been named to Ward Group’s list of 50 top performing life and health insurance companies. American Fidelity was recognized for outstanding financial results in the areas of safety, consistency and performance over a five-year period. “This national recognition from a well-respected insurance industry organization like Ward’s is a strong indicator that we are meeting our goals of financial security and policyholder protection,” Chief Financial Officer Robert Brearton said. Ward Group is the leading provider of benchmarking and best practices studies for insurance companies. Ward Group analyzes more than 800 life and health companies in the United States to determine the top 50 companies each year.
State agency recovers $2.2M
The Oklahoma Insurance Department’s Consumer Assistance Division has recovered nearly $2.2 million for state consumers in the first half of 2014, the agency said. Division staff answered 13,127 phone calls, responded to more than 300 emails and opened 1,788 files through June 30. “Here at the Oklahoma Insurance Department, our goal is to assist and educate consumers,” Oklahoma Insurance Commissioner John D. Doak said. Accident and health insurance generated the most complaints in the first half of the year with 765 formal complaints. The majority of complaints were related to claim denials and delays. Auto insurance complaints were second on the list with 378 cases filed, followed by homeowners insurance with 271 complaints.
AT&T to hire 300 workers
AT&T plans to hire more than 300 workers in Oklahoma, with a job fair planned for Friday at its office at 14201 Wireless Way in Oklahoma City. The job fair will last from noon to 6 p.m. Available positions will be primarily focused on call center specialists, technicians and retail support and are a result of AT&T’s continued investment in Oklahoma. More information on all AT&T jobs openings can be found at www.connect.att.jobs/oklahoma.
Subsidiary to sell senior notes
An American Energy Partners LP subsidiary is selling $1.6 billion in senior notes, the Oklahoma City company announced Wednesday. American Energy-Permian Basin LLC is offering $350 million in floating rate senior unsecured noted due in 2019, $650 million in 7.1215 percent senior notes due in 2020 and $600 million in 7.375 percent senior notes due in 2021. The 2019 notes will be sold to investors at 99 percent of their principal amount, while the others will be sold at their full principal amount. Proceeds from the sale will be used to financed the proposed acquisition of about 63,000 net acres in the Permian Basin from Enduring Resources II LLC. American Energy will pay $2.5 billion for the acreage, where is plans to drill up to 1,750 wells over the next decade.
From Staff Reports