$11.5 Billion The amount U.S. property/casualty insurers are expected to pay homeowners and businesses for third-quarter property losses resulting from a total of 11 catastrophes in 22 states, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit. PCS …
The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin. The new officers are: President Paul Rainey, president of RSI International Inc., Arlington; …
Company Declares Bankruptcy Kansas-based Brooke Corp. has laid off most of its staff after prospective buyers withdrew an offer to purchase the financial services holding company. The Overland Park-based company and Brooke Capital Corp. filed for Chapter 11 bankruptcy protection …
Medicus Insurance Company Medicus Insurance Company has been approved to write medical professional liability insurance in Arkansas. Medicus is a Texas-based insurance company specializing in providing medical professional liability insurance to physicians, surgeons and ancillary medical providers. Coverage will be …
Arizona, California, Nevada High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The business model calls for growing agencies by expanding their product mix to include life products, homeowners and certain benefit products. The brains behind …
Kansas Franchise Group Faces Lawsuits in Multiple States Amid the flurry of lawsuits leveled by franchisees, now an Illinois company connected to a bank involved in the lawsuit of the parent company of Brooke Corp. has taken control of 44.3 …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Employer Stop Loss Market Detail: Markel Insurance Co. provides customized stop loss solutions for sponsors …
Safeco Insurance and Indiana Insurance, both Liberty Mutual Agency Markets companies, recently announced key management appointments to lead their respective personal and commercial lines operations in their Midwest territory. Christopher T. Allen was named vice president, Safeco Insurance, and Midwest …
Peoria, Ill.-based RLI Corp. launched an architects and engineers (A&E) professional liability division – named RLI Design Professionals. RLI Design Professionals will be led by Louis Leonard “Lenny” Waldhauser IV who will serve as vice president. Waldhauser will be responsible …
The Michigan Department of Insurance and Regulation’s consumer advocate is hosting a series of public hearings on the issue of insurance affordability. Melvin Butch Hollowell was appointed by Governor Jennifer M. Granholm in March 2008, as Michigan’s first Automobile and …
