Caldwell and Partners, Midlands Holding Corp. Oklahoma-based Caldwell and Partners Inc. (CAP) acquired Midlands Holding Corp. (MHC) from PMA Capital Corp. (PMA). Midlands Management Corp. (Midlands) is a managing general agent and excess and surplus lines broker that also operates …
While the winter months always bring a spike in home fires, the U.S. Fire Administration (USFA) says the number of home fire deaths reported so far in 2013 exceeds those reported at this time last year. According to media reports, …
A Texas state representative has filed a bill that would allow fire departments to accept volunteer assistance during an emergency and would shield those volunteers from liability. Rep. Cecil Bell, Jr. (Magnolia) filed, House Bill 487, which would increase the …
The rehabilitation of Calif.-based Home Value Insurance Co. (HVIC) has ended and the corporation has been dissolved by order of the Franklin County, Ohio Court of Common Pleas, where the company was domiciled. According to the motion filed Dec. 21, …
An Oklahoma state senator has announced his intention to file legislation to curb what he calls unnecessary expenditures at the state insurance department, as well as other state agencies. In an announcement released by the Oklahoma Senate, Sen. Harry Coates …
Since Superstorm Sandy slammed into the New Jersey coastline on Oct. 29, 2012, dozens of insurers and reinsurers have publicly announced their Sandy-related preliminary loss estimates. The following are loss estimates for carriers headquartered in U.S. central regions. These estimates …
Drought Concern “There’s a great deal of concern how this drought is going to play out in 2013.” —American Farm Bureau President Bob Stallman said at the opening of the group’s convention in mid-January. A Second Wave “More often than …
The Texas insurance market is ranked the 12th largest in the world in terms of premium volume, but only an “average” number of insurance carriers call the state home, and many of the 400 insurance companies that are based in …
Texas-based RSI International Inc. reported that Brian Bridges joined the firm as commercial underwriter. Bridges brings 10 years’ experience in commercial property/casualty insurance, specializing in middle market transactions. Prior to joining RSI, Bridges worked as a sales executive for Pathfinder …
One of the axioms of Texas bad faith law has always been that there is no bad faith where a carrier has not breached its duties to the insured. If you act reasonably and make a mistake, it is not …
