Dallas-based Specialty Underwriters’ Alliance Inc. announced the pricing of its initial public offering of 12,700,000 shares of its common stock at $9.50 per share, before underwriting discounts and commissions. The underwriters have been granted a 30-day option to purchase up …
Robert V. Huffert, senior vice president and manager of the ocean marine department, and a vice president of American Re-Insurance Company, was elected chairman of the American Institute of Marine Underwriters (AIMU) at its annual meeting. He succeeds David S. …
Self-insurance pools interactively rated by A.M. Best Co. bear out the effectiveness of the stringent entrance requirements of members, focused loss-mitigation activities, and ownership interest in both the loss exposure and frictional expenses of these entities, according to a special …
The Property Casualty Insurers Association of America (PCI) filed a motion for permission to file an amicus brief with the Rhode Island District Court to challenge the potential expansion of the state’s statute dealing with an insurer’s inspection immunity. “This …
State Farm Indemnity Company and the Department of Banking and Insurance have reached an agreement allowing for the insurer’s re-entry into the New Jersey auto insurance market. Effective Jan. 1, 2005, State farm will once again write new auto insurance …
New York-based Kaye Insurance Associates Inc. , a subsidiary of Hub International Limited (NYSE:HBG)(TSX:HBG), is being renamed Hub International Northeast Limited and will be doing business as HUB International Northeast (HUB Northeast). The name change is a result of Hub’s …
The number of medical malpractice payments made by Massachusetts doctors peaked in 2001 and has begun to gradually decline, while the average size of those payments continues to soar, according to a new government report. From 1994 to 2001 the …
Beecher Carlson Holdings Inc., of Atlanta has announced the appointment of Jeffrey Smith as a managing director. Smith will focus on large account sales and recruitment of talent. For 15 years, prior to joining Beecher Carlson, Smith held sales and …
The “Power of One” will be the focus of the Florida Association of Insurance Agents (FAIA) 101st Anniversary Convention and Education Symposium scheduled June 23 to 25 in Orlando at the Gaylord Palms Resort and Convention Center. The event will …
Alabama-based Vesta Insurance Group Inc. (NYSE:VTA) announced its third-quarter earnings indicate $53.8 million operating losses for the third quarter. The release of information about its earnings was delayed last week after what the company described as “an adverse jury decision.” …
