Montana News

My New Markets

Allied Health Care Nuts & Bolts: Travis-Pedersen Associates, Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to a …

My New Markets

Allied Medical Organizations PL/GL Nuts & Bolts: Travis-Pedersen Associates Inc. is now offering a policy that covers a broad range of medical malpractice and general liability exposures. Allied health care facilities are those businesses that provide medical services directly to …

People

Liberty Northwest, a member of Liberty Mutual Group based in Portland, Ore., appointed Larry W. Becker president and chief operating officer. Becker most recently was executive vice president, sales and marketing for Liberty Northwest. He led Liberty Northwest’s agency expansion …

Business Moves

Alleghany, Employers Direct New York-based Alleghany Corp. agreed to purchase the outstanding shares of California-based Employers Direct Corp. for $195 million in cash. EDC, which was founded in 2002, is an insurance holding company based in Agoura Hills, Calif. Through …

Mont. State Fund decreasing premiums 1%

The board for Montana’s state workers’ compensation system has authorized a 1 percent decrease in the overall rates paid by policyholders. The State Fund board authorized the decrease, for the coming year. The action marks the first time in six …

2007 Property/Casualty State Specialist Insurers

1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty Insurance FL 371,755 6 Physicians Reciprocal …

Mont. State Fund decreasing premiums 1%

The board for Montana’s state workers’ compensation system has authorized a 1 percent decrease in the overall rates paid by policyholders. The State Fund board authorized the decrease, for the coming year. The action marks the first time in six …

Former HCC CEO to Advise Hallmark Financial Services

Property/casualty insurer Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced it will employ the consulting services of Stephen L. Way through his company, SLW International LLC. Way is the recently retired founder, chairman and CEO of HCC Insurance …

4.6-Magnitude Earthquake Causes Damage in Montana

An earthquake damaged an apartment building and knocked bricks off the facades of buildings in southwestern Montana , authorities said. The 4.6 magnitude quake, reported at 9:46 a.m. Tuesday, was centered about nine miles (15 kilometers) northeast of Sheridan, Montana. …

Hallmark’s Q1 Net Income Doubles Over Same Period Last Year

Fort Worth, Texas-based Hallmark Financial Services Inc. reported quarterly net income of $5.0 million for the first quarter ended March 31, 2007, representing a 105 percent increase over net income of $2.4 million for the first quarter of 2006. During …