The Oklahoma Insurance Department (OID) announced that its captive insurance program had another record year in 2025 with a net gain of 10 licensed captive insurers.
Oklahoma has now surpassed its previous high of 73 captive insurers, which was set in 2017.
Since Steve Kinion was appointed Captive Insurance Director in October 2022, the program has grown by 64%. In 2025, OID received 14 captive insurer applicat
ions, all of which were approved. Four captives dissolved during the year, resulting in the net gain of 10.
OID will hold a Captive Connection event on March 4 in Oklahoma City. More information can be found on OID’s website.
Orsted said in a statement it would resume work immediately but continue with the underlying lawsuit challenging Interior’s stop work order. It added it was tryi
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ng to find a solution to the matter by cooperating with the U.S. administration.
Orsted has spent or committed more than $7 billion to date to build Sunrise Wind, the company said. If the stop-work order is not lifted by February 6, the project risks losing access to a specialized vessel needed to complete installation of an offshore cable, Orsted attorneys argued at the hearing.
The argument was similar to those made at four other hearings in recent weeks.
“Every court to review this question has now found that the loss of specialized vessels and resulting delays amounts to irreparable harm. I agree,” U.S. District Court Judge Royce Lamberth said before granting Orsted’s request.