Friends Provident ended its 169 years as a mutual insurer with a successful public offering on the London Stock Exchange which raised an estimated £3.8 billion ($5.3 billion). The newly investor owned company’s shares were priced at 225 pence ($3.15), …
Allenbrook Inc. of Lowell, Mass. announced the appointment of four new members to its senior management team. The company, which provides automation and consulting services to the property/casualty insurance industry, recently merged with VIC Corp. and several former VIC managers …
American International Group has decided to delay a major building project in Wilmington following its acquisition of American General. Company spokesmen said that the original plan to build twin office towers for up to 3,500 employees, needed to be reviewed, …
Lancaster District Court Judge John A. Colborn entered an order for the liquidation of Amwest Surety Insurance Company, a Nebraska-domiciled insurer based in Calabasas, Calif. The order was entered June 7 after Nebraska Director of Insurance, L. Tim Wagner, found …
In separate but concurrent developments, Fort Worth-based InsureZone acquired AgentSecure Enterprises Inc., garnered endorsements for from various Independent Insurance Agents of America (IIAA) organizations and entered into an agreement with IIAA Eagle agency for co-marketing of AgentSecure’s Internet-based insurance service, …
The National Federation of Independent Business (NFIB) and the Texas Fund announced an agreement to provide NFIB members with two new safety groups for lowering the cost of workers’ compensation insurance. The programs will be sold through Texas insurance agents …
The Insurance Council of Texas announced plans for a series of seminars designed to help the insurance industry navigate through the Texas workers’ compensation system. The seminars will be held in Houston August 1, Dallas September 5, and Austin September …
INSpire Insurance Solutions’ INSideOUT agency interface, TransFluent, has received ACORD’s XML certification, as well as an ACORD XML Champions Award. Property and casualty outsourcing provider INSpire said the award was presented at the 2001 ACORD Technology Conference.
The TDI has set an open meeting for July 17, 1:30 p.m., Room 100, in the TDI office building, Austin, to finalize recommendations revising the homeowners’ and residential property benchmark rates for 2001. The Administrative Law Judge (ALJ) recommends, which …
Old Republic International Corp. plans to close its general insurance business underwritten through the Old Republic Standard Underwriters division, headquartered in Houston. Formed in 1988, the group targeted grain elevator, petroleum and propane distribution, and natural gas utility accounts. The …
