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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
