American Superior Insurance Company, an insurer that writes homeowners insurance coverage for nearly 60,000 Floridians, voluntarily consented on Wednesday to be put into rehabilitation in response to losses sustained by the recent back-to-back hurricanes. The company’s premium volume in 2003 …
On September 15, 2004, the insurance commissioner held a public hearing to consider the Workers’ Compensation Insurance Rating Bureau’s January 1, 2005 Regulatory Filing. The September 15, 2004 hearing was not adjourned; instead, it was continued to October 27, 2004 …
Western Security Surplus (WSS) announced that Shelly Hill-Stockin has joined the company’s Dallas office in the position of underwriter. Hill-Stockin will report to Kyle Stevens, vice president and branch manager of WSS’ Texas office, and will specialize in contract property …
On April 19, 2004, Senate Bill No. 899 (SB 899) was signed by the Governor into law. One of the key provisions of SB 899 amended Labor Code ยง5402 to provide that within one day of receiving an employee claim …
For the first time in Texas, workers who are injured on the job can report the injury to the Texas Workers’ Compensation Commission via the Internet. The online reporting, available in both Spanish and English, was launched as part of …
The Independent Insurance Agents & Brokers of America (the Big “I”) is hailing House Financial Services Committee passage of H.R. 4634, the Terrorism Risk Insurance Backstop Extension Act. The Association also called on the Senate to move forward on its …
A.M. Best Co. has downgraded the financial strength rating to “B” (Fair) from “B++” (Very Good) of Converium Insurance (North America) Inc. (CINA) (Fort Lee, N.J.) following the latest announced business plan by its parent company, Converium AG (Converium) (Switzerland). …
The Austin Association of Insurance Professionals (AAIP) recently announced the election and installation of its officers for the 2004/2005 fiscal year. The new officers are: President – Connie Hatch, PLUS Inc.; First Vice President – Polly Middlebrook, IIAT; Second Vice …
The Independent Insurance Agents & Brokers of America (the Big “I”) applauded the House Financial Services Committee for its approval of H.R. 5011, the Military Personnel Financial Services Protection Act. The bill, which the Big “I” strongly supports, would help …
Individuals and business owners who have private flood insurance may still qualify for disaster assistance from the Federal Emergency Management Agency (FEMA), state and federal officials said. Home and business owners who were affected by the recent storms and the …
