The Oklahoma Insurance Department announced that former Oklahoma County District Court Judge Leamon Freeman ordered increased supervision by the insurance department over Aviation Insurance Group Agency Inc. of Bethany. The agency, placed in conservatorship by Freeman, is accused of deceiving …
According to Texas Attorney General Greg Abbott, the state has reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have paid more for vehicle repairs …
Alpharetta, Ga.- based MyBenefitSource (MBS), a provider of integrated payroll, benefits and benefits administration services, announced it entered into an alliance with Atlanta-based Digital Insurance Inc., to address unique group insurance to companies with less than 26 employees. MBS is …
The Seibels Bruce Group Inc., based in Columbia, S.C., announced that subsidiary Universal Insurance Company (UIC) received a 2003 Financial Stability Rating® of “A” (Exceptional) from Columbus, Ohio-based Demotech Inc. This level of financial stability rating indicates that the balance …
The Alabama Department of Insurance reported that Alabamians who want to take the state insurance licensure examination will now have a choice among five new sites at which to take the test. The new sites will be in Montgomery, Birmingham, …
U.S. property/casualty insurers are expected to pay policyholders an estimated $4.9 billion for insured property-loss claims from four catastrophic events in the second quarter ― the second-highest second quarter in losses since 1994 ― according to estimates by Insurance Services …
ClaimIQ, a San Francisco-based provider of decision support solutions for Property-Casualty insurance carriers, announced the Version 2.0 release of InjuryIQ(TM), LiabilityIQ(TM), and VerityIQ(TM). ClaimIQ’s integrated claim-handling platform helps insurance companies control costs by improving the discipline, consistency and effectiveness of …
Los Angeles-based Mercury General Corporation reported that net income was $43.4 million, or $0.80 per share (diluted), in the second quarter 2003 compared with $1.3 million, or $0.02 per share (diluted), in the same period for 2002. Net operating earnings, …
Profitable performance of its Auto and Group stop-loss medical insurance lines drove Safeco’s second-quarter results as the company reported net income of $111.9 million, or $0.81 per diluted share. This compares with net income of $105.2 million, or $0.82 per …
Lakeland, Fla.-based Summit announced the launch of BusinessFirst Insurance Co. BusinessFirst is a Florida-domiciled stock insurance company which will specialize in workers’ compensation insurance for retail, service and light industrial companies in the state of Florida. Summit will serve as …
