December 1, 2005
Fort Worth, Texas-based Hallmark Financial Services Inc. announced it has executed a definitive agreement to acquire Pan American Acceptance Corporation. PAAC is engaged in financing premiums on property and casualty insurance products marketed by two affiliated entities, Texas General Agency …
December 1, 2005
A Montana-owned insurance agency for injured workers may need $69 million to pay all of its bills, according to a Montana State Fund executive. Outside insurance experts hired by the State Fund concluded earlier this year that the Old Fund …
November 30, 2005
The physician-led traffic safety advocacy group called End Needless Death on Our Roadways (END), and the National Safety Council, released their annual list of the 15 deadliest states in the country for impaired driving and reported that 13 states have …
November 21, 2005
Drivers in most of the 13 states that comprise the Western region enjoy about average auto insurance premiums, according to the most recent study produced by the National Association of Insurance Commis-sioners (NAIC). In NAIC’s “State Average Expenditures and Premiums …
November 21, 2005
Eaton v. Continental Casualty Co. (California Court of Appeals, 2nd District, Sept. 15, 2005) Ruling: The court held that the insured’s suit against an excess insurer was not barred by the four-year statute of limitation applicable to general liability insurance. …
November 21, 2005
Montana’s state-run insurance program for workers injured on the job before July 1990 needs a $14 million infusion or it could run out of money in 10 years, leaving the state responsible for up to twice as much in claims, …
November 21, 2005
Montana State Fund employees will receive a one-time payment for helping the state’s workers’ compensation insurance company end the year on a profitable note. For example, State Fund CEO Lanny Hubbard, already the highest-paid state employee, will receive a $41,000 …
November 21, 2005
Montana State Auditor John Morrison approved two new Montana companies that can provide insurance in the captive insurance market. The State Insurance Depart-ment has licensed MHA Worker’s Compen-sation Reciprocal Insurance Co. and Eadon-ton Insurance Co. as captive insurance companies in …
November 20, 2005
Eaton v. Continental Casualty Co. (California Court of Appeals, 2nd District, Sept. 15, 2005) Ruling: The court held that the insured’s suit against an excess insurer was not barred by the four-year statute of limitation applicable to general liability insurance. …
November 20, 2005
Drivers in most of the 13 states that comprise the Western region enjoy about average auto insurance premiums, according to the most recent study produced by the National Association of Insurance Commis-sioners (NAIC). In NAIC’s “State Average Expenditures and Premiums …