Business law firm Winstead Sechrest & Minick announced that pay clauses, sovereign immunity, prompt pay and dispute resolution are among the issues Robert C. Bass, chair of Winstead’s Construction Practice and a Shareholder in firm’s Litigation/Dispute Resolution Section, will address …
Texas Judge Bill Bender in the 403rd Judicial District Court found Thomas O’Laughlin guilty of workers’ compensation fraud after O’Laughlin pleaded no contest. According to Texas Mutual Insurance Company, the judgment marked the end of a long legal battle that …
Texas Gov. Rick Perry signed Senate Bill 14, the recently passed insurance reform legislation, during a signing ceremony at a construction site in Temple. According to a statement released by the governor’s office, his signature on the bill ushers in …
Plantation, Fla.-based 21st Century Holding Company announced that Richard A. Widdicombe was appointed by its Board of Directors to serve as the company’s CEO. The Board also announced it will raise the company’s dividend by 29 percent from $.07 per …
The four property/casualty trade associations, joined by a workers’ compensation and a reinsurance association, have joined together to ask the National Association of Insurance Commissioners (NAIC) to reject any reduction of collateral requirements for alien reinsurers doing business in this …
Standard & Poor’s Ratings Services has revised its ratings on beleaguered Lumbermens Mutual Casualty Co.’s $100 million 8.45 percent surplus notes due Dec. 1, 2097, and the $200 million 8.3 percent surplus notes due Dec. 1, 2037, to ‘D’ from …
A.M. Best Co. has downgraded the financial strength rating of Midland, Mich.-based Dorinco Reinsurance Co. to “A-” (Excellent) from “A” (Excellent). The rating action reflects deterioration in Dorinco’s operating performance and surplus position, according to an A.M. Best statement. Underwriting …
The commercial insurance industry’s reserves from 1997 to 2001 are deficient by $13 billion to $20 billion, according to a study released by the investment banking firm Cochran, Caronia & Co. The deficiency equates to 10 to 15 percent of …
The actuarial and consulting firm Tillinghast-Towers Perrin has named Robert F. Conger the location manager for its Chicago office, according to a company statement. Conger will be responsible for providing overall direction and leadership to the Chicago office, as well …
Napa, Calif.-based surplus lines brokerage M.J. Hall and Company Inc. announced that Colleen M. Ryan has joined as a broker. Ryan will be responsible for producing new business opportunities in the commercial property, liability and professional liability marketplace. Ryan began …
