Robert D. Orr, chairman and CEO, announced that Overland Park, Kan.-based Brooke Corporation’s board of directors declared a $.10 quarterly cash dividend on the company’s common stock. Orr noted that this dividend will be paid on Oct. 6, 2003 to …
The California Department of Insurance (CDI) reached a settlement agreement requiring State Farm Mutual Automobile Insurance Company (State Farm) to pay $250,000 for selling long-term care (LTC) insurance policies that violated the California Insurance Code. CDI served a Cease and …
ACE USA announced the creation of the ACE USA Construction Group. This new construction underwriting unit will be staffed by a team of experienced construction professionals dedicated to addressing the unique insurance needs of builders and contractors. ACE USA Construction …
Chicago-based CCC Information Services Group Inc., a supplier of information and technology solutions to the auto-claims and collision-repair industries, has named J. Roderick Heller, III to its board of directors. Heller, whose election fills a vacancy on CCC’s seven-member board …
In 2002 Texas recorded the lowest number of occupational fatalities since data collection began in 1990, according to the Texas Workers’ Compensation Commission. A total of 417 fatal occupational injuries occurred, which represents a 22.2 percent decrease from 2001 (fatalities …
In the latest investigation of insurance fraud across the state, Louisiana Insurance Commissioner Robert Wooley announced that a bail bond agent operating in the Greater New Orleans area and beyond was ordered to cease and desist from all activity in …
Insurance Commissioner Jim Long today made a special appeal to health insurance plans in North Carolina as Hurricane Isabel continues to threaten coastal residents. With thousands continuing to evacuate North Carolina’s coastal counties, Long is asking insurers to make special …
A Russellville man surrendered his license to sell insurance, including pre-need policies, as a part of guilty plea this week on theft by deception charges. Mark Spry, 48, admitted that he pocketed $4,000 in premiums collected from an elderly woman …
Des Moines, Ia.-based EMC Insurance Group Inc. announced that it will strengthen its bulk loss and settlement expense reserves by approximately $4,600,000 in the third quarter of 2003. This increase in reserves will reduce third quarter earnings by approximately $3,000,000 …
Standard & Poor’s Ratings Services announced it revised the outlook on all entities of the Netherlands-based Eureko insurance group (Eureko) to negative from stable. At the same time, S&P affirmed its ratings on the group, including its “A+” long-term counterparty …