Business Moves
Nationwide
Nationwide Insurance is reducing homeowner rates for Nationwide Lloyds customers in Texas effective Jan. 7, 2006. The average decrease will be 10.75 percent for renewing Texas policyholders.
Additionally, Nationwide has introduced a new homeowner company in Texas. For new customers, Nationwide Property and Casualty Insurance Company offers a more detailed pricing system and competitive rates while maintaining a comprehensive homeowners product and On Your Side service.
Nationwide has more than a half million policies-in-force in Texas, including more than 140,000 homeowner policies.
HIA, Builders Workers’ Comp Group
Hotchkiss Insurance Agency Inc. launched a new workers’ comp purchasing group: Texas Home Builders Workers’ Compensation Group (THB-WC Group).
The group includes homebuilders for whom specific protective legislation was established in 1991. The legislation specifies that in Texas, a homebuilder may provide workers’ comp and employers’ liability insurance for their employees without becoming unduly responsible for workers’ comp coverage for subcontractors or employees of subcontractors.
Hotchkiss Insurance Agency serves as administrator of the new THB-WC Purchasing Group, which is underwritten by Texas Mutual Insurance Company. All eligible policyholders accepted into the group receive an immediate premium discount of 10.5 percent. A comprehensive safety manual designed by a HIA risk manager specifically for the homebuilding industry is delivered to every policyholder in the THB-WC Purchasing Group.
CAA, Bryan Insurance Agency
Combined Agents of America LLC added Bryan Insurance Agency Ltd. in Graham, Texas, as its 34th member. Bryan Insurance Agency was founded in 1921 by Pat Bryan Sr. In 1983 Denny Bryan became a partner in the agency, and three years later he assumed the role of managing owner.
The mid-sized agency serves the North Texas area writing all lines of insurance, including commercial business, personal, and life and health policies. The agency specializes in the oil and gas industry. Bryan was recognized by both Allstate Insurance Company and Bituminous Insurance Companies with the Distinguished Agents Award. It also received the Top Producer Award from Texas Mutual Insurance Company.
Grocers Insurance, IGA
Grocers Insurance, a member of San Antonio-based Argonaut Group Inc., received an endorsement from IGA Inc. as the preferred national property and casualty insurance market for IGA member stores.
With 1300 IGA stores in the U. S., this endorsement provides Grocers with an opportunity to expand its nationwide presence and generate new business through its appointed agency base, the company said.
IGA selected Grocers Insurance as its endorsed carrier based on Grocers’ 35-year record of service to grocery retailers, its industry-specific services and resources, and its national network of agents who specialize in handling grocery clientele. Grocers offers enhanced products tailored to the risks of its select customer base, such as Hepatitis A coverage, higher crime coverage for weekends, and coverage for equipment breakdown and disruption of utility services.