Dallas-based GAINSCO INC. was hit with a class action lawsuit, filed in the United States District Court for the Southern District of Florida on behalf of purchasers of the company’s publicly traded securities during the period between November 17, 1999 …
According to Arkansas Insurance Commissioner Mike Pickens, the enactment of a new law will give Arkansas insurance consumers stronger protections in the use of credit information and credit scoring when purchasing and renewing insurance coverage. Act 1452 of 2003, which …
Kroll Inc. is adding kidnap & ransom (K&R) insurance brokered by Asset Security Managers (ASM), a wholly-owned subsidiary of Aon Limited, based in Chicago. Kroll’s new, non-exclusive arrangement with ASM, enables clients of Kroll’s K&R crisis management and other services …
As the 2003 Florida legislative session winds down, insurers are reportedly keeping a close eye on key bills concerning PIP reform, flex rating, workers’ compensation, and credit scoring. Budget concerns reportedly continue to dominate the state’s political environment. However, insurers …
Carvill, a leading reinsurance intermediary for specialist business, announced the appointment of Bill Adamson as chief operating officer of Carvill America Inc. He will be based in the company’s Chicago office. Adamson has worked in the international reinsurance markets for …
John Gross has been elected a director of Las Vegas, Nev.-based National Builders Insurance Services Inc. (NBIS), the manager and risk sharing partner with Builders and Contractors Insurance Company (RRG). Gross is charged with protecting the interests of the investors …
The Florida Property and Casualty Association announced that Florida’s top auto insurance companies are strongly urging the Florida Senate to pass the Motor Vehicle Insurance Affordability Act. Senate Bill 1202 has the teeth to make a real dent against rampant …
Tejas American General Agency (TAGA) of Austin, Texas announced it has moved to a new address as of Monday, April 28. The new office site is located at 1620 La Jaita Drive, Suite 300, Cedar Park, Texas 78613. TAGA’s phone …
Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6 million, or $0.50 per …
Zurich Financial Services announced that the U.S. District Court for the Southern District of New York has dismissed with prejudice the class action brought by several Holocaust victims against member companies of the Zurich Group. It also noted that “a …
