Monthly Archives: <span>May 2010</span>

Texas Mutual Board Approves $100M Policyholder Dividend Plan

Texas Mutual Insurance Company’s board of directors approved the company’s plan to distribute $100 million in workers’ compensation dividends. Dividends reward loyal policyholders who share Texas Mutual’s commitment to workplace safety. Texas Mutual has declared $845 million in dividends during …

New Oversized Baseball Helmets Big On Safety, Not Style

One ballplayer says he can’t even stand to see his own reflection. Another says he feels like some creature wandering outer space. “Gazoo” is the term of choice for this latest sports look. Minor league baseball is bulking up on …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

Aon: P/C Insurance Rates Decrease, Capacity Continues to Increase

Property rates will continue to drop 5 percent to 15 percent for most risks, despite record global catastrophic losses seen in early 2010, according to Aon Corp.’s 2010 U.S. Insurance Market Overview. Property capacity levels are very strong for the …

Alteris, Tangram to Offer Commercial Janitorial Program in Western States

Alteris Inc. and California-based specialty insurance program administrator Tangram Insurance Services are introducing a commercial janitorial package program to be available in four western states. Alteris’ commercial programs division, headed by Vice President Jackie Bourret, will provide program management oversight …

Bill Targeting Chinese Drywall Advances in Louisiana House

The insurance industry continues to lose its battle against a proposed ban on property insurers dropping or changing coverage because of corrosive Chinese-made drywall. The proposal will be debated by the full House after getting approval from the House Insurance …

Pronto Introduces Auto Insurance Discount Rate Program in Texas

Brownsville, Texas-based Pronto Insurance has announced it is now offering auto insurance discounts to Texas customers who insure multiple vehicles, implement an automatic withdrawal payment plan (EFT) or pay six months in full. The new Pronto Insurance discounts are available …

Great American Insurance Group Promotes Bull and Lonneman

Great American Insurance Group, based in Cincinnati, Ohio, has promoted Kirk A. Bull and Mark R. Lonneman. Bull was promoted to divisional president of the Great American Custom Division. Bull has served as divisional senior vice president of Great American …

Delta General Agency Opens Branch Office in Plano, Texas

Delta General Agency announced it is opening a branch office in Plano to serve independent insurance agents in North Texas. Wes Bowers, the new branch manager for the North Texas office, is adding additional underwriting and support staff to service …

Maryland Suspends Insolvent Oklahoma Insurer

Maryland Insurance Commissioner Beth Sammis has suspended the license of Oklahoma-based Imperial Casualty and Indemnity Co., after a district court in its home state ordered the company liquidated. Oklahoma regulators moved to seize the workers’ compensation insurer in April, alleging …