Austin-based Texas Mutual Insurance Company reported that it has begun distributing approximately $50 million in dividends to some 27,000 qualifying policyholders. The event marks the sixth consecutive year for Texas Mutual dividends. A Texas Mutual policyholder could qualify for the …
Heath Insurance Brokers announced that Chantelle Burton has joined its Houston office as a professional and financial services broker. Prior to joining Heath, Burton was an associate director at Myron Steves’s Mid-Continent General Agency where she was responsible for underwriting …
Attorneys for both alleged victims and dioceses of the Roman Catholic Church in Southern California say they’re increasingly concerned that insurance companies could hold up settlements in nearly 700 lawsuits that accuse clergy of sexual molestation. Plaintiffs attorneys and church …
Atlanta-based Crawford & Co., an independent provider of claims management solutions to insurance companies and self-insured entities, announced its financial results for the second quarter ended June 30, 2004. Second quarter 2004 revenues before reimbursements totaled $172.0 million compared with …
Willis Group Holdings has announced that John McDonnell, a 20 year insurance industry veteran, has joined Willis as executive vice president, director of Willis’ Japan Services Business in North America. Prior to joining Willis, McDonnell worked for Marsh for the …
Louisiana’s Workers’ Compensation Administration reported recently that another attempt to cheat the state’s workers’ compensation insurance program has resulted in a prosecution and serves as a warning to others who attempt to misuse the program. A joint effort by the …
Hospital Casualty Co., an insurer that provides medical liability insurance to hospitals and nursing homes in Oklahoma, will stop operations by fall the Associated Press and the Oklahoman reported. Hospital Casualty Co. was placed in voluntary receivership with the Oklahoma …
AIG Small Business, a unit of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced WorldRisk TravelPak(SM), a comprehensive package of international coverages designed for U.S.-based commercial enterprises with employees traveling on business abroad. WorldRisk TravelPak …
The Commerce Group, Inc. (NYSE:CGI) of Webster, Mass. today reported 2004 second quarter net earnings were $37.4 million, or $1.14 per diluted share, compared to net earnings of $71.5 million or $2.22 per diluted share for 2003. During the second …
More than 200 people affected by Rhode Island’s deadliest nightclub fire are suing the state, club owners, Budwesier, makers of foam soundproofing material, an insurance company and other defendants, alleging that their carelessness and negligence are to blame for 100 …
