Texas Mutual Insurance Company recently announced a $2,672,136 dividend to the CompGroup AGC purchasing group. The insurer said it was the largest single group dividend payout in its history. The Texas Department of Insurance (TDI) allows employers in similar industries …
Direct premium volume for the surplus lines insurance market remained relatively flat in 2005 as it did in 2004, after growing significantly during the three prior calendar years. The significant growth had been a consequence of the hardening market conditions …
New Jersey property casualty insurer National Atlantic Holdings Company has confirmed that it is engaged in preliminary discussions regarding potential transactions with The Commerce Group, Inc. of Webster, Mass. The possibility of dealings with The Commerce Group became known after …
The Main Street America Group is providing its homeowners policyholders with free identity theft resolution services should they fall victim to identity theft. The insurer is partnering with Identity Theft 911, a provider of identity theft resolution services and education. …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) of Bermuda-based reinsurer Lehman Re Ltd., a wholly owned subsidiary of the New York-based investment banking and financial advisor Lehman Brothers Holdings Inc. The rating outlook is stable. …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” of Japan’s Toa Reinsurance Company, Limited; however, the rating outlook is negative. “The ratings reflect Toa Re’s strengthened capitalization, solid presence …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Singapore Reinsurance Corporation Ltd. with a stable outlook. “The ratings reflect the company’s continued improvement in capitalization, established international …
The “hurricane season” usually causes concern in the Caribbean, the Gulf of Mexico, Florida, along the western Atlantic seaboard and Bermuda. However, this year residents of those areas are beginning to breathe easier, as something very odd is happening to …
–Get up and running quick without huge expenses– Allen Beggs, President & Co-Founder announced today that his company will begin to offer an ASP solution for policy issuance. “Carriers, MGA’s, and program managers just launching a new program or book …
The Independent Insurance Agents and Brokers of Orange County, Calif., is changing its phone and fax numbers, effective October 1. The new phone number is 866-921-6440 ext. 2. The fax number is 866-921-6443. Address: 1442 E. Lincoln Ave., PMB 441 …