united fire News

United Fire Dividend Slated for Land Improvement Contractors Assoc. Members

United Fire & Casualty Company (United Fire), based in Cedar Rapids, Iowa, announced a total policyholder dividend equal to $615,856 to members of its participating state Land Improvement Contractors Associations (LICA). “The state LICA policyholder dividend rewards insured participants based …

Ruehle Named Midwest Branch Manager for United Fire Group

United Fire Group Inc., headquartered in Cedar Rapids, Iowa, announced that Corey Ruehle has accepted the position of branch manager for the Midwest region, effective July 1. Ruehle replaces Doug Penn, who is retiring. Ruehle will be responsible for the …

United Fire Says Losses from Storms May Be in $13M to $16M Range

United Fire Group Inc., headquartered in Cedar Rapids, Iowa, announced that it expects its first-quarter results through March to include pre-tax catastrophe losses, net of reinsurance, of approximately $13 million to $16 million. These losses are the result of several …

United Fire Anticipates Up to $35M in Q2 Losses from Spring Storms

Cedar Rapids, Iowa-based United Fire & Casualty Co. announced that it expects its second quarter results through May to include pre-tax catastrophe losses, net of reinsurance, of approximately $30 million to 35 million. These losses include $7 million to $9 …

United Fire Sees Hike in New Business but Drop in Revenues in Q1 2011

United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, has reported a slight drop in net premiums earned and total revenues for the first quarter of 2011 compared with that of the same quarter in 2010. Announcing the company’s …

United Fire Estimates $10 Million in Q1 Cat Losses

Cedar Rapids, Iowa-based United Fire & Casualty Co. announced that it will record $10 million in pre-tax losses related to certain first quarter catastrophe losses incurred in the company’s assumed reinsurance portfolio. In the first quarter of 2011, United Fire …

United Fire Gets Approval to Acquire Mercer Insurance Group

Cedar Rapids, Iowa-based United Fire & Casualty Co. said it has the necessary approvals from state regulators and company shareholders to complete its acquisition of Mercer Insurance Group Inc. United Fire announced in November plans to buy Pennington, N.J.-based Mercer …

United Fire Sees Higher Net Income but Premium Decrease in 2010

United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported an increase in net income for the fourth quarter and full year 2010, but net premiums earned decreased by 1.9 percent for the year and by 0.7 percent for …