The South Dakota legislature has killed a House bill that would have reportedly increased the cost of auto liability insurance by as much as 20 percent. “South Dakota is Number 46 among the 51 states in auto insurance policy cost, …
The Insurance Marketplace Standards Association (IMSA) commended the Texas Department of Insurance for issuing a Commissioner’s Bulletin affirming that its examiners routinely use information provided by IMSA-member companies. According to the IMSA, Texas Commissioner of Insurance Jose Montemayor reported in …
Frisco, Texas-Skywire Software, which counts among its customers leading insurance carriers and MGAs throughout the U.S., recently promoted Karl Schultz to the position of chief information officer. He most recently served on the company’s senior vice president, Software Development. In …
Despite the new governor’s efforts, State Farm Insurance will apparently go ahead with plans to close its operations center in Monroe, La. According to Associated Press reports, the company will close the facility by the end of the summer of …
San Antonio-based Argonaut Group Inc. announced financial results for the three months and full year ended Dec. 31, 2003. Highlights for the 2003 fourth quarter and full year include the following: · Argonaut Group’s continuing business segments during the fourth …
Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable April 26, 2004 to shareholders of record on April 9, 2004.
A Pompano Beach, Fla. man reportedly posing as a psychotherapist is facing numerous felony charges for filing insurance claims for counseling sessions. Lubomir Lacho, 52, reportedly collected more than $11,000 after billing $18,000 in claims to United Healthcare Insurance Company. …
The Chubb Corporation reported that net income in the fourth quarter of 2003 was $72.3 million or $0.38 per share, compared to net income of $56.6 million or $0.33 per share in the fourth quarter of 2002. Operating income, which …
Chicago-based Unitrin Inc. reported today net income of $44.4 million, or 66 cents per common share, for the fourth quarter of 2003, compared to a net loss of $3.7 million, or 5 cents per common share, for the same period …
Ohio-based Westfield Insurance has named Martha Oakes senior executive of small business accounts. Her responsibilities include overall management responsibility for the growth and profitability of the small business accounts department. Oakes began her career at Westfield in 1986 as a …
