Old Republic International Corp. plans to close its general insurance business underwritten through the Old Republic Standard Underwriters division, headquartered in Houston. Formed in 1988, the group targeted grain elevator, petroleum and propane distribution, and natural gas utility accounts. The company said the unit’s gross premium production in 2000 was $27.7 million. Old Republic has no expectation that the runoff of this portion of its general insurance business will have a meaningful impact on operating results or financial standing.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show 
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property 
Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim 
OpenAI Models Hacked Another Company’s Systems by Mistake From This Issue
