Six insurance commissioner seats were up for grabs Tuesday, with only two incumbents seeking reelection. At the time of this writing, all official tabulations were not completed, so the percentage by which some of the winners were elected was not …
Just 10 months after selling his company to Des Moines, Iowa-based insurer GuideOne, Clifton Robinson is buying it back. Robinson, the previous owner of National Lloyds Insurance Co. in Waco, Texas, signed a definitive agreement with GuideOne late last week. …
The Delaware County Bank & Trust Company, a subsidiary of DCB Financial Corp along with four other community banks used their holding company powers to close a transaction Oct. 5 in which they purchased an equity interest in an insurance …
Just 10 months after selling his company to Des Moines, Iowa-based insurer GuideOne, Clifton Robinson is buying it back. Robinson, the previous owner of National Lloyds Insurance Co. in Waco, Tex. signed a definitive agreement with GuideOne a few weeks …
The insurance industry contributes almost $200 billion to the United States’ gross national product each year, approximately 2.4 percent of the total GNP, according to the latest edition of a study compiled by the Alliance of American Insurers. “This is …
The American Cooperative Council on Compensation Technology (ACCCT), comprised of workers’ compensation insurance data gathering and rate advisory organizations, announced that an updated, enhanced version of its Bureau Entry and Edit Package (BEEP) will be available to all interested, licensed …
Credit General Insurance Company and Credit General Indemnity Company are back on track after a brief period in which the companies stopped writing new business. Henry C. Sibley, vice president of underwriting, sent a letter to agents on Sept. 15 …
Just 10 months after selling his company to Des Moines, Iowa-based insurer GuideOne, Clifton Robinson is buying it back. Robinson, the previous owner of National Lloyds Insurance Co. in Waco, Tex. signed a definitive agreement with GuideOne late last week …
On Sept. 22, A.M. Best Co. downgraded the financial strength rating on Credit General Insurance Company and Credit General Indemnity Company from “B++” (Very Good) to “C” (Weak) and placed the group under review with developing implications. Best reported that …
The Supreme Court of Delaware has affirmed a lower court opinion in favor of 28 insurers who were sued in an insurance coverage action brought by Hercules Incorporated. In 1989, Hercules, an international aerospace company, was sued by former employee …
