Breckenridge IS, Inc., a specialty underwriter and program management company based in Cleveland, has acquired Overby-Seawell Co., a Kennesaw, Georgia-based specialty financial services insurance broker to lenders. Breckenridge IS oversees specialty wholesale insurance brokerage, managing general agencies and underwriting and …
North Carolina coastal homeowners will soon be entitled to bigger breaks on their insurance premiums for taking steps to protect their homes against storms. Insurance Commissioner Wayne Goodwin has ordered a schedule of mitigation credits that will be effective May …
Texas Mutual Insurance Co. announced a $471,031 dividend to the Texas Machinery and Equipment Dealers (TM&E) workers’ compensation purchasing group. The group’s third annual dividend grew $383,228 over last year, largely due to its growing premium volume and favorable loss …
Risk Management Solutions (RMS) has appointed Dr. Guru Rao to the role of senior vice president, Portfolio Solutions Product Marketing. Dr. Rao brings 20 years of experience to the role, including nearly 14 years with Aon Benfield, where he recently …
EPIC (Edgewood Partners Insurance Center), a retail property/casualty and employee benefits insurance brokerage, has added Jim Hilbrant as a producer in its Orange, Calif., office. His responsibilities will include the acquisition of new business and the design, placement and management …
An Arizona wildfirethat has burned 14,000 acres and incurred $1.8 million in claims to date might be the first example of the fire risks the Western United States are facing in 2010. But, the National Interagency Coordination Center expects fire …
A couple of cases related to damages caused by defective Chinese-manufactured drywall have reached settlement in the U.S. District Court, Eastern District of Louisiana. According to a court document signed by Judge Eldon E. Fallon, defendant Knauf Plasterboard Co. (Tianjin) …
The property/casualty industry returned to profitability in the first quarter of 2010 despite continuing declines in both written premiums and earned premiums. Private U.S. property/casualty insurers’ net income after taxes swung to positive $8.9 billion in first-quarter 2010 from negative …
The House of Representatives has passed another temporary extension of the National Flood Insurance Program until Sept. 30, 2010. The program has been suspended from issuing new policies since May 31. Reauthorization provisions have been embedded in controversial legislation on …
Corpus Christi, Texas independent insurance agent Wallace C. (Wally) Goodman has won the Independent Insurance Agents of Texas’ Drex Foreman Award, and Landon Ogilvie, partner at Gans & Smith Agency in Longview, has been honored with the IIAT’s André P. …
