For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it stopped doing in mid-September to prevent exceeding …
Credit General Insurance Company and Credit General Indemnity Company are no longer writing new business, effective immediately. Henry C. Sibley, vice president of underwriting, sent a letter to agents on Sept. 15 stating that: “No new business will be bound, …
Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction will close at the end …
Roughly three-quarters U.S. residents live in states where insurance departments do not receive adequate funding to properly oversee the insurance industry, according to a recent survey by the Consumer Federation of America. According to the survey, consumers in Arizona, Georgia, …
For more than a decade, National Insurance Alliance of California (NIAC) has borne the unique distinction of being a nonprofit organization which insures other nonprofit groups in the state of California. Now, thanks to a $5-million grant from the David …
The Strategic Independent Agents Alliance (SIAA), a national network of independent insurance agencies, reported significant growth during the second quarter of 2000. During the period of April 1-June 30, the Swanzey, N.H.-based organization added 49 new members to reach a …
A new study released yesterday by the Insurance Institute for Highway Safety (IIHS) showed that Arizona has a far higher rate of fatal red light running crashes than any other state with 7.1 deaths per 100,000 people, while Phoenix ranked …
State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved yesterday by the State Farm Mutual …
ARM Financial Group Inc. (ARM) filed a chapter 11 liquidation plan and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The plan provides for liquidation of all ARM’s remaining assets, distribution of the liquidation proceeds …
First Capital International, a Delaware-based company headquartered in Houston, has signed an agreement with Specialty Risk International to offer customized insurance products to international travelers. “This is a great opportunity to increase traffic and revenue streams from our sites,” said …
