Upstate New York insurer Kingstone Cos. Inc., posted a $259,000 profit in the first quarter of 2010 — a positive change from the $171,000 loss it saw in the year-ago period. The insurer — which was launched last year through …
Final insurance damage estimates for Colorado’s 2009 summer storm season has been tallied at $1.4 billion, making it the most expensive in state history, according to the Rocky Mountain Insurance Information Association. According to the association’s figures, one July storm …
The Woodlands, Texas-based The Woodlands Financial Group Inc. (TWFG) has acquired the Vela Insurance Agency Inc., located in Pearland, Texas. Jerri Vela, former owner of Vela Insurance Agency, expressed joy and excitement when she announced the sale of her agency …
A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to charges including insurance fraud. Manhattan prosecutors say …
An insurance industry group reports car thefts were down last year in 15 of Ohio’s 16 largest metro areas. The only exception was the Marietta area in southeast Ohio. The Ohio Insurance Institute (OII) says a report from the National …
The California Assembly has passed a bill that would allow video recorders to be installed on vehicles’ dashboards. State law currently prohibits dashboard devices that may obstruct a driver’s view. The bill is supported by companies that hire teams of …
The Builder Agent Network, a Dallas-based provider of insurance programs for home builders, has been endorsed by the Texas Association of Builders (TAB) as its preferred member service provider for property and liability insurance products. Builder Agent Network (BAN) is …
Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be felt for months to …
Texas Mutual Insurance Co. announced a $178,267 dividend to the Texas Automotive Purchasing Group (TAPG), the group’s first from the insurer. The dividend was based largely on TAPG’s loss ratio. By committing to workplace safety and helping injured workers return …
“Lloyd’s China has been granted a license by the China Insurance Regulatory Commission (CIRC) to write direct insurance in addition to their existing reinsurance license,” said a bulletin on its web site (www.lloyds.com). Lloyd’s Chairman Lord Levene announced the licensing …
