Competitive Information or Open Records?
“CompSource has traditionally been glad to share high level financial information with the public. However, CompSource must object when a competitor tries to take advantage of the Open Records Act to obtain specific, sensitive information for its own commercial gain.”
鈥擱obert McCampbell, attorney for CompSource Oklahoma, the state established non-profit provider of workers’ compensation insurance, comments on an open records request from a competitor. National American Insurance Co. (NAICO), which McCambell said competes against CompSource in the state’s workers’ compensation market, has requested records that include competitively sensitive information such as detailed actuarial reports, individual policyholder and claim data, and certain contractual provisions. CompSource said the request was made under the Oklahoma Open Records Act, but CompSource maintains that because it receives no state appropriations and its operations are funded solely by collected premiums and investment revenue, it is not subject to the terms of the Act. CompSource has filed a petition in the District Court of Oklahoma County, asking the court to deny NAICO’s request.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy From This Issue
