Someone up above has been listening. How else can one explain the hardening market that has been the subject of thousands of prayers. Both agents and E&S vendors, then, should be doubly excited about the commercial auto market, which is …
Timberline Insurance Services of Austin has acquired a significant portion of Houston-based Financial Guardian’s commercial business. The purchase marks what Timberline President Hal Shults said is another round of acquisitions for the 43-year-old company. “We have wanted to grow in …
Bermuda’s XL Capital Ltd. unveiled the second phase of its restructuring plan, announcing a refocusing on more profitable underwriting lines and a consolidation of management functions, which will lead to a drop in gross premiums and 120 lost jobs. As …
State Farm Insurance Cos. has received federal approval to offer banking services nationwide by late 2001. The company opened State Farm Bank in 1999, and began training Chicago-area agents to sell its bank products earlier this year. Those products include …
A central Pennsylvania company has filed a class action complaint against insurance giants CIGNA and ACE for their refusal to pay dividends on a retention dividend workers compensation policy originally purchased from CIGNA and then sold to ACE in 1999. …
Aon Corp. and State Farm Mutual Automobile Insurance Company have signed an agreement in which State Farm will market commercial insurance specialty products developed and serviced by AON. The products, which will be sold by State Farm’s network of 16,000 …
Arthur J. Gallagher announced its financial results for the third quarter and nine months that ended Sept. 30. Total revenues were $526,944,000, compared to $471,629,000 last year, an increase of 12 percent. Net earnings were $62,375,000, up 22 percent for …
AgentSecure.com has launched, providing agents access to carriers CNA, The Hartford, and Zurich. Rural and suburban agents who may not otherwise meet the volume requirements are now able to offer their customers standard small commercial products, and the carriers are …
In a one-on-one interview with television reporter Scott Simmons, Louisiana Insurance Commissioner Jim Brown vowed to fight his conviction in the Cascade Insurance case. “I never dreamed, in my wildest dreams, that it was a setup,” Brown told the reporter. …
Russell R. Grace 90, founder and president of Russell Grace Inc. Insurance of Fort Worth died Friday, Sept. 29. A memorial service was held on Monday, Oct. 2, at the First United Methodist Church of Fort Worth. Grace was a …
