A.M. Best Co. lowered the financial strength rating of the Ohio Casualty Group, Fairfield, Ohio, from “A” (Excellent) to “A-” (Excellent). The rating applies to the five pool members led by Ohio Casualty Insurance Company and a separately rated affiliate. …
The Texas Workers’ Compensation Insurance Fund (Texas Fund) announced plans to pay approximately $25 million in dividends to select policyholders for the third year in a row. The dividends will come as the company’s name changes to Texas Mutual Insurance …
Pulaski, Tenn.-based ratings technology company, Rackley Systems, added Travelers Insurance to their list of companies supported by commercial lines rating in the state of Texas. Operating within the newly introduced Rackley Systems for Windows Commercial Lines Rating, agents can receive …
Houston-based HCC Insurance Holdings Inc. has signed a letter of intent to acquire all of the outstanding shares of Marshall Rattner Inc., the parent company of Professional Indemnity Agency Inc. HCC said it will acquire Professional Indemnity Agency through a …
Fort Worth’s Internet-based insurance agency, InsureZone, announced the launch of BrokerSecure, a service designed to help regional agencies and national brokers handle small commercial books of business while leveraging the power of their own brands. The company said BrokerSecure allows …
Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according to a new A.M. Best Statistical Study. The top 10 writers of homeowners multiperil stayed the same during this period. …
The family of Richard Marks and Independent Insurance Agents of Houston (IIAH) have initiated The Richard Marks ISA Scholarship in conjunction with an IIAH training program called ISA (Insurance Service Associate). The ISA training program was developed to aid agents …
The American Insurance Association’s support of a draft proposal for an optional federal charter for p/c insurance companies has once more taken the industry to the edge of the regulatory thicket. The AIA position, which again fuels the debate over …
It’s extremely difficult to predict whether a stock will go up or down-more so in the sort term. Too many factors involved, which are open to widely varied interpretations. Trends in a given sector can be spotted over time, but …
The Business Owners Policy (BOP) has been around for at least a couple of decades now. BOPs are traditionally associated with small businesses seeking basic liability and property coverages. But over the course of the years, much has changed in …
