Iowa-based EMC Insurance Group Inc., has declared a quarterly dividend of fifteen (15) cents per share of common stock payable June 11, 2002, to shareholders of record as of June 4. This is the 82nd consecutive quarterly dividend paid since …
The Arizona Legislature passed a bill May 16 aimed at protecting consumers who depend on structured settlements, and could become the fourth state this year to enact such a law, according to the Alliance of American Insurers. Mississippi and Utah …
Iowa Gov. Tom Vilsack has vetoed a bill that would have remedied a court ruling that requires insurers to pay again for a first injury when a worker suffers a second injury. “Senate File 2190 would have corrected a very …
Iowa Gov. Tom Vilsack signed Senate File 2318, which will cut the premium tax for P/C insurers from 2 percent to 1 percent over a four-year period, beginning in 2004. National Association of Independent Insurers (NAII) Counsel Ann Weber expressed …
Iowa-based Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., announced a net after-tax loss of $4.3 million, or $0.30 per share, for the three months ended March 31, 2002. This …
Ohio Department of Insurance Director Lee Covington has signed a cooperative agreement that will increase the efficiency and effectiveness of market conduct examinations of insurance companies doing business in Ohio. Market conduct exams determine the extent to which insurers comply …
State National Specialty Insurance Company, a Fort Worth, Texas-based unit of State National Companies, has received authorization to write multiple lines of insurance in West Virginia and Iowa. The West Virginia authorization allows State National Specialty to write fire, marine …
John C. Mabee, 80, founder of Golden Eagle Insurance Company, died on Wednesday, April 24. Mabee’s death resulted from complications related to a stroke he suffered earlier in the week, according to the San Diego Union Tribune. Mabee established Golden …
In the closing days of the Legislative session, Iowa lawmakers passed two bills that will cut the premium tax for property/casualty insurers and rectify a court decision that adversely impacted workers’ compensation insurers. Gov. Tom Vilsack has called the legislature …
Senator Christopher Bond, R-Mo., introduced S. 2084 last week, a bill to amend the Internal Revenue Code of 1986 to clarify the tax exemption for small property and casualty insurance companies. Monte Ward, Federal Affairs Vice-President of the National Association …
