April 17, 2015
Austin-based Texas Mutual Insurance Co. announced it awarded a dividend of $117,226 to the Texas Home Builders (THB) safety group. The dividend was earned based on the group members’ dedication to making safety a priority in their businesses and therefore …
April 17, 2015
Plaintiffs are urging a federal judge in Little Rock, Ark., to vacate his order dismissing a class-action lawsuit against Exxon Mobil, claiming the oil giant suppressed evidence in the case. The lawsuit, filed over a 2013 oil spill in a …
April 17, 2015
A.M. Best has downgraded the financial strength rating (FSR) to B+ (Good) from B++ (Good) and the issuer credit rating (ICR) to “bbb-” from “bbb+” of Specialty Risk of America (SPRISKA) in Springfield, Ill. The outlook for the ICR remains …
April 17, 2015
A bill that sets up a regulatory framework in Oklahoma for ridesharing programs such as Uber and Lyft passed the state Senate, but not before a provision protecting gay and transgender passengers from discrimination was removed. The version of the …
April 17, 2015
The North Dakota Insurance Department says it helped residents recover or save nearly $4.4 million last year. The department says the money was recovered on behalf of North Dakota residents through its hotline, complaints filed by consumers against insurance companies …
April 17, 2015
Levee officials say the Federal Emergency Management Agency has certified non-federal levees in New Orleans East, a step which should help spur economic development in a part of the city lagging in its comeback from Hurricane Katrina. FEMA officials certified …
April 17, 2015
An Egyptian-born engineer is the latest worker to sue Portland, Ore.-based Daimler Trucks North America. The Oregonian reported the former employee seeks $2 million, alleging his supervisor often called him “bin Laden” and suggested he was a member of al-Qaida …
April 17, 2015
Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited, and Starr Companies announced that they have “signed a memorandum of understanding under which both parties will enter into a joint underwriting initiative to write international property insurance, with …
April 17, 2015
Arthur J. Gallagher & Co. has acquired Madison Risk & Insurance Services in Huntington Beach, Calif. Terms of the deal were not disclosed. Madison is a retail insurance broker providing property/casualty and risk management insurance and consulting services exclusively for …
April 17, 2015
A bill that would direct the California Department of Motor Vehicles to give insurance agents and brokers better access to motor vehicle records was unanimously approved by the Assembly Transportation Committee. Assembly Bill 933, sponsored by the Independent Insurance Agents …