Texas Mutual Insurance Company announced its newest workers’ compensation purchasing group: Texas Lumber and Wood Products (TLWP). The group, which includes loggers, sawmills and window, door and casing manufacturers, will provide qualifying members with workers’ compensation coverage. The Texas Department …
Hurricane season is just a few short months away and the head of a Texas-based insurance trade group already sees some dark clouds on the horizon. “The Texas Windstorm Insurance Association is considerably under funded in the event a major …
North American Group reported it has purchased Oklahoma City, Okla.-based Davis Duke & Co. Insurance Agency. The employees of Davis Duke have relocated to the North American Group’s Oklahoma City offices. “The entire transition, from the January 6th sale through …
A businessman, his son, and two of his son’s friends are facing arson charges after detectives with the Florida State Fire Marshal’s Office determined they colluded to burn down the father’s Tamarac, Fla. dry cleaning business in order to collect …
Legislation to create Catastrophe Savings Accounts to give Florida homeowners the opportunity to put aside tax-free money to financially prepare for major catastrophes has been filed by Congressman Tom Feeney from Orlando, according to Tom Gallagher, Florida CFO. “Floridians deserve …
Jack Rushing Brunson, 77, former CEO of the National Security Group in Elba, Ala. died on March 1 at Flowers Hospital in Dothan, Ala. Rev. Mart Gray officiated at March 6 memorial services for Brunson at the First Baptist Church …
Attorney General Charlie Crist has announced that his office has reached an agreement with a Lee County hotel resolving the first price-gouging case filed by the Attorney General’s Office related to Hurricane Wilma. The Fort Myers Inn has agreed to …
David Duclos, COO for XL Capital Ltd’s (“XL”) insurance operations (“XL Insurance”), reported changes within XL Insurance’s global aerospace business. London-based Peter Bilsby has been appointed chief underwriting officer of XL Insurance’s Aerospace operations, which has underwriting teams in the …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency Ltd (AEGIS UK). The ultimate parent of AEGIS …
Lighthouse Underwriters, an Anandale-Va.-based program underwriting company, announced that Sean Gormley has been promoted to senior vice president. In this position he will be responsible for the day-to-day operations at Lighthouse. Lighthouse recently was acquired by U.S. Risk Insurance Group, …
