Mulready Approves CompSource Conversion Plan

Mulready Approves CompSource Conversion Plan

Insurance Commissioner Glen Mulready on Thursday approved CompSource Mutual Insurance Co.’s conversion plan, which drew immediate pushback from some policyholders, who still must vote to approve the plan.  The business reorganization to a stock company from a mutual company will allow CompSource to raise money to expand its insurance business inside Oklahoma and across the country.  But attorneys for an energy company and a law firm asked a dist…