More than 22,000 Texas employers will reportedly receive a share of a $25 million dividend from Texas Mutual Insurance Company as the Texas MutualSM board of directors unanimously approved the general dividend plan, which includes an annual component for qualifying …
Claims Guides, published by Insurance Journal, a publication of Wells Publishing, recently completed its Arkansas/Oklahoma/Texas book. Available in print and now for the first time on CD Rom and downloadable PDF versions, this is the book’s largest page count to …
Milliman USA, a global consulting and actuarial firm, has opened a new office to provide a full range of services to the property and casualty (P/C) insurance and re-insurance industries. The new Milliman office will consist of the senior consultants …
Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $215 million in losses of insured property and crops during April through June. “We saw a lot of damage in a relatively short amount of …
Attorney General Peter C. Harvey announced that a former Burlington County, N.J. man has been sentenced for falsely reporting that his automobile had been stolen in order to collect more than $12,000 from an insurance company. According to Vaughn L. …
Chicago-based brokerage Hub International Ltd. reported strong growth in the second quarter and first half of 2003, leading the company to update its earnings guidance for the full year. All financials are reported in U.S. dollars. “The underlying performance of …
On July 31, the panel issued its ruling in the confidential asbestos arbitration between Travelers Property Casualty Corp. and ACandS, Inc. As a result of the ruling, asbestos bodily injury claims paid by ACandS on or after July 31, 2003, …
Standard & Poor’s Ratings Services said that it had affirmed its ‘A-‘ insurer financial strength and long-term counterparty credit ratings on France-based property-casualty insurer Les Mutuelles du Mans Assurances IARD (MMA), the parent and largest operating entity of the MMA …
Standard & Poor’s Ratings Services said it affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on Italy-based insurer Lloyd Adriatico SpA (LA), following a review. The outlook is negative. “The ratings reflect the company’s strategic importance to …
Summit Holding Southeast Inc. announced that it is expanding the operation of its Bridgefield Casualty Insurance Company subsidiary to Arkansas. Summit’s Southwest Region office, located in Baton Rouge, Louisiana, will manage the day-to-day operations for Bridgefield Casualty in Arkansas. Bridgefield …