CRC Insurance Services Inc. of Winston-Salem, N.C., the wholesale insurance subsidiary of Branch Banking and Trust Company, today said it plans to buy Jackson, Miss.-based insurance wholesaler Southern Cross Underwriters Inc. Southern Cross will operate as a division of CRC. …
South Carolina’s The Seibels Bruce Group Inc. announced financial results for the quarter that ended March 31, 2003, reporting that the company posted a net profit of $1.4 million, or $0.17 per share (basic and diluted). This is compared with …
The National Conference of Insurance Legislators (NCOIL) credit-based scoring model is gaining momentum after the first four months of this year’s state legislative season, an official of the National Association of Mutual Insurance Companies (NAMIC) reports. NAMIC Vice President of …
Nuts & Bolts: Superior Access is now offering a new BOP (Office Package Program) through a carrier with an AM Best Rating of “A+ XV”. Will entertain new ventures with a minimum of three years experience in their field. Agents …
American Wholesale Insurance Group (www.amwins.com) has completed the acquisition of Seaboard Underwriters, Inc., a provider of insurance solutions for the transportation industry. Seaboard operates as a managing general agency providing trucker’s liability, physical damage, motor truck cargo, non-trucking liability, and …
Illinois-based Horace Mann Educators Corporation reported net income of $8.1 million, or 19 cents per share, for the first quarter ended March 31, 2003. Net income for the first quarter of 2002 was $15.6 million, or 38 cents per share. …
Erie Indemnity Company announced that the shareholders at their annual meeting had elected as directors all of the nominees recommended by the nominating committee, expanding the board from 12 to 15 members. It listed the persons elected to the board …
N.C. Insurance Commissioner Jim Long announced that a McDowell County resident was indicted by a Mitchell County Grand Jury on allegations of defrauding hundreds of insurance policyholders. Harold T. Davis, a former insurance agent with State Farm Insurance Company of …
Wachovia Insurance Services (WIS), of Charlotte, N.C., reported that 20 producers from its Insurance Advisors group have received industry recognition for hitting the Million-Dollar Roundtable (MDRT) level. Top of the Table and Court of the Table are MDRT designations reserved …
Standard & Poor’s Ratings Services announced it affirmed the “AA” long-term counterparty credit and financial strength ratings on the members of Alabama-based Alfa Insurance Group (Alfa), based on the group’s extremely strong capital, consistently strong operating performance and strong liquidity. …
