The South Carolina Department of Insurance is celebrating issuing its the 200th captive insurance company license. State Insurance Director Scott H. Richardson presented the license to Hardin Construction Co. of Atlanta, Georgia at a special dinner ceremony in Charleston sponsored …
The Florida Office of Insurance Regulation will hold a public hearing this morning in Tallahassee about the use of credit scoring, credit history and credit models by insurers in the underwriting and setting of rates. The OIR said that five …
Florida Peninsula Insurance Co., a Boca Raton-based domestic insurer writing homeowners, condo and renters policies statewide, said it is prepared to insure up to 100,000 State Farm Florida customers as that insurer withdraws from the state. Peninsula said it is …
Trinity Universal Insurance Co., a Unitrin, Inc. subsidiary, has completed its previously announced acquisition of Direct Response Corp. and its subsidiaries in a cash transaction valued at approximately $200 million. Direct Response is based in Meriden, Connecticut and specializes in …
MBIA Inc. has launched a separate bond insurance company focused on public finance and said it will no longer use credit derivatives to back insurance across its businesses. The company, whose shares jumped 19 percent in premarket trade, said in …
Colorado’s Division of Insurance announced that Allstate Insurance Group has decreased its rates for private passenger automobile policies in the state, providing a savings of $6.8 million to consumers through reduced premiums. “In today’s down economy, consumers need financial relief …
Due to budget reductions, the Arizona Department of Insurance is closing its Tucson office located at 400 W. Congress St., #152, effective Feb. 20, 2009. People seeking DOI services are being directed to the office in Phoenix at 2910 N. …
Senate Democrats proposed increasing oversight of a Washington State business insurance rebate program, citing rebate overpayments of at least $150 million. Last week, the state Department of Labor & Industries announced that, since 1994, it made the excess payments to …
A bill requiring insurance companies to cover autism treatments has been approved by a Montana Senate committee and sent to the Senate floor for debate. Senate Bill 234 passed out of the Business, Labor and Economic Affairs Committee Monday on …
Melville, N.Y.-based WKF&C Agency Inc. a nationwide, multi-line managing general agency for excess and surplus lines, announced that it has added a new vacant building program to its market mix. Written on nonadmitted paper with an A.M. Best “A” rated …
