July 5, 2006
Flagstaff, Arizona – As the premium volume for Mexico tourist insurance continues to boom, fueled by an increase in the Hispanic market and escalating tourism to Mexico, another well-respected insurer has entered the market. ABA Seguros, GMAC’s Mexico Insurance subsidiary, …
July 5, 2006
Cincinnati, Ohio-based American Financial Group, Inc. announced a July 1, 2006, quarterly dividend of $0.13-3/4 per share of American Financial Group Common Stock. The dividend is payable on July 25 to holders of record on July 14, 2006. Through the …
July 5, 2006
With the growing trend by California farmers looking to third parties to hire labor, Cambridge General Agency is offering a market to help independent agents place farm labor contractors coverage. Coverage is being offered by a non-admitted, A-rated carrier. Coverage …
July 5, 2006
Workers currently receiving Washington workers’ compensation wage-replacement or pension benefits will receive a 3.5 percent cost-of-living increase. State law requires that benefits be recalculated each July 1 to reflect the change in the state’s average wage from the previous calendar …
July 5, 2006
Seattle-based Safeco will be hosting a live Internet broadcast of its regularly scheduled conference call to discuss second-quarter financial results. The conference call will be held at 10 a.m., EST on Wednesday, Aug. 2, 2006. The call also will be …
July 5, 2006
The Logistics Trust of Texas, a workers’ compensation self-insurance group administered by First Cardinal of Texas Ltd, has received approval from the Texas Department of Insurance to begin offering coverage, First Cardinal announced. The program will provide statutory workers’ compensation …
July 5, 2006
ICAT Specialty Insurance Co. is offering residential named hurricane insurance for dwellings, apartments, town homes and condominiums in Hawaii. Written on an admitted basis, the product provides named hurricane coverage for policyholders with values up to $2.5 million. Dwellings and …
July 5, 2006
Washington state’s insurance commissioner fined four Geico Inc. insurance companies $120,000, alleging they used an unapproved scoring model to evaluate and offer personal auto coverage to consumers two years ago. Insurance Commissioner Mike Kreidler said the companies — Government Employees …
July 5, 2006
A New Mexico State district court jury has awarded an Albuquerque lawyer nearly $11 million after she sued an insurance company that she said ruined her legal practice. Allstate Insurance Co. routinely hired Suzanne Guest to represent the company in …
July 5, 2006
Record prices for copper have made the metal an attractive target for thieves in Arkansas, police say, just as it is elsewhere in the country. Little Rock police say copper thefts are “rampant.” Thieves even worked on an Entergy substation …