Approximately 34,000 Texas employers will receive a share of approximately $100 million in dividends from Texas Mutual Insurance Company. This marks the largest dividend payout in the company’s history. The Texas Mutual board of directors approved the company’s 2006 $25 …
Infinity Insurance Companies is accepting applications for its second annual Confianza Award to recognize independent brokers and agents in California for the commitment the communities they serve. The award allows principals and staff of agencies and brokerages to apply and …
Gov. Jeb Bush has vetoed SB 2114, a bill passed by the Florida Legislature, that would have extended the state’s no-fault auto insurance law for an additional two years. The PIP law will sunset Oct. 1, 2007, when Florida will …
Sport utility vehicles are making strides to avoid rollovers, the government says, noting that seven in 10 new SUVs are equipped with rollover-reducing electronic stability control. The National Highway Traffic Safety Administration released new rollover results for 2006 vehicles Tuesday, …
The National Hurricane Center in Miami has announced the names of hurricanes to be used during the 2006 hurricane season, which begins June 1 and ends Nov. 30. Named hurricanes will be: Alberto, Beryl, Chris, Nay Deen, Debby, Ernesto, Florence, …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Oslo-based non-life insurer Bluewater Insurance ASA to “BBB” from “BBB-” and assigned them a stable outlook. “The upgrade reflects the development of a …
A Leon County, Fla. circuit judge has approved putting three financially-troubled insurance companies under the state’s control, a move Florida’s Chief Financial Officer Tom Gallagher said will protect more than 320,000 Floridians this hurricane season. The insurance companies, Atlantic Preferred, …
A new, state-of-the-art catastrophe response vehicle designed to arrive on disaster scenes within 24 hours of a storm and give agents immediate access to customer records and policies so that the claims process can begin, has been unveiled by the …
A Spanish-language version of the Department of Financial Services’ consumer website has been launched to better serve Florida’s growing Hispanic population. “Nearly three million Hispanics call Florida home and need access to information that impacts their financial well-being and future,” …
As of May 15, the Mississippi Insurance Department reports there have been 2,222 mediation requests as part of its Hurricane Katrina Mediation Program, with the success rate now at 85 percent. More than 350 scheduled mediations were settled before their …