Commercial Underwriters Insurance Co. receives capital contribution.CULVER CITY Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. , Calif.--(BUSINESS WIRE)--April 20, 1995--Harry Petru Jr., president and chief executive officer of Commercial Underwriters Insurance Co., announced that its parent company, Underwriters Re, made a $12.7 million capital contribution to CUIC CUIC Credit Union Institute of Canada CUIC California Unemployment Insurance Code CUIC Conventional User Identity Confidentiality on March 31, bringing CUIC's statutory surplus to $28 million. CUIC is domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. and admitted in California and is authorized to write business on a non-admitted basis in 25 other jurisdictions. CUIC specializes in primary commercial liability for specialty lines, excess liability for personal and commercial automobiles, excess general liability, buffer and gap layers, and personal and commercial umbrella business. CUIC is rated "A (Excellent)" by A.M. Best. CUIC is a member of the URC URC - Uniform Resource Citation (previously Universal). Holdings Corp. group of companies, with combined assets of more than $1 billion. CONTACT: Commercial Underwriters Insurance Co., Culver City Harry Petru Jr., 310/670-0254 |
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