OAMIC Celebrates 40th Anniversary in 2020Megan Radford
Oklahoma Attorneys Mutual Insurance Company is proudly celebrating its 40th anniversary in the year 2020. OAMIC was founded in 1980, after a need for the company became clear to members of the Oklahoma Bar Association.
In the late 1970s, the number of attorneys in the state of Oklahoma was increasing, but access to legal malpractice insurance was shrinking. This caused gaps in coverage, fluctuating rates and a lack of quality customer service. To solve this problem, a group of Oklahoma Bar members banded together to form the then-called Oklahoma Bar Professional Liability Insurance Company. The first policy was sold in November of 1980.
Today, OAMIC insures more than 5,000 Oklahoma attorneys at more than 2,300 firms across the state. We also offer a variety of ancillary products that are specific to the needs of Oklahoma attorneys, including court bonds, cyber liability, office package policy and more.
President and CEO Phil Fraim, who has been with the company since 1989, is appreciative of the past and hopeful for the future.
“It has been an honor to serve Oklahoma attorneys over the past four decades,” he said. “OAMIC is very unique because it’s the only local provider of legal malpractice in the state. Because of that, we have longtime relationships with many of our insureds, and we also know the legal landscape extremely well. We’re Oklahomans serving Oklahomans. Our 40th anniversary is a celebration for all of us.”
While the company’s services and operations have expanded, our underlying principles remain the same. We are proud to celebrate our 40-year milestone with our insureds, board members, partners and employees – and look forward to the next 40 years!
Learn more about our company by watching this video: