South Carolina-based The Seibels Bruce Group Inc., posted a net profit of $1.0 million, or $0.11 per share (basic and diluted) in the second quarter This is compared with a net profit of $1.1 million, or $0.13 per share (basic …
North Carolina-based American Wholesale Insurance Group Inc., a company formed by the recent merger of Americana Financial Services, MTS Insurance Services LLC, New Century Global Inc., and Specialty Programs & Facilities Managers Inc., named Gregg Calestini as its new chief …
S&P revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding of insolvency against the company on July 11, 2002. Before …
The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC), both headquartered in Austin, have selected the state winners of the 2002 Outstanding CSR of the Year Award. Donna L. Walker of Westwood Insurance …
Insurance associations have been abuzz the past couple of weeks with regard to impending changes and new proposals to privacy regulations under Congress’ Gramm-Leach-Bliley Financial Modernization Act (GLB). Each state has already finalized details fulfilling one aspect of the GLB …
The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC), both headquartered in Austin, have selected the state winners of the 2002 Outstanding CSR of the Year Award. Tammy Crider captured the honor in …
President Bush’s proposal for major legislative reforms to address the medical malpractice liability crisis has been praised by both the Alliance of American Insurers and the IIABA. In a recent speech in North Carolina, Bush proposed a number of reforms …
With Maine on board, insurance regulators in 44 states and Washington, D.C., have approved Insurance Services Office Inc.’s (ISO) LOCATION™ database of Public Protection Classifications (PPC™), the ISO program that grades the fire-suppression capabilities of more than 45,000 municipalities in …
S&P revised its financial strength rating on American Horizon Insurance Co. to “R” from double-“Bpi” after learning that the Cook County Circuit Court issued a liquidation order with a finding of insolvency against the company on July 11, 2002. Before …
Wachovia Corporation announced it is acquiring Cameron M. Harris & Company (CMH), a Charlotte, N.C.-based insurance broker that specializes in commercial and personal risk management and employee benefits. Wachovia noted that with $27 million in revenues, Cameron M. Harris & …
