-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Qj339xiUG1V1Sexy/thhJm8vs60kxxXd89aMYvpmq35PL1lBJ3MQtUCrpxWaa7W+ VdBzClMYPl4TcPKRr8xDYw== 0001104659-02-004795.txt : 20021002 0001104659-02-004795.hdr.sgml : 20021002 20021002133149 ACCESSION NUMBER: 0001104659-02-004795 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021002 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEIBELS BRUCE GROUP INC CENTRAL INDEX KEY: 0000276380 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 570672136 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08804 FILM NUMBER: 02779529 BUSINESS ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 BUSINESS PHONE: 8037482000 MAIL ADDRESS: STREET 1: 1501 LADY ST STREET 2: P O BOX 1 CITY: COLUMBIA STATE: SC ZIP: 29201 8-K 1 j5130_8k.htm 8-K

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

 

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 2, 2002

 

THE SEIBELS BRUCE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

South Carolina

 

0-8804

 

57-0672136

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification Number)

 

 

1501 Lady Street
(Post Office Box 1)
Columbia, South Carolina

 

29201

(Address of principal executive offices)

 

(Zip Code)

 

 

Registrant’s telephone number, including area code:             (803) 748-2000

 

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Item 5.    Other Events

 

        On October 2, 2002, The Seibels Bruce Group, Inc. (the “Company”) issued a press release announcing that the previously announced letter of intent to transfer its flood insurance servicing rights to Selective Insurance Company of America has been mutually terminated due to lack of regulatory approval.  A copy of the Company’s press release is attached to this Current Report on Form 8-K as Exhibit 99.

 

Item 7.    Financial Statements and Exhibits

 

(a)   Not applicable.

 

(b)   Not applicable.

 

(c)   Exhibits.

 

The following exhibit is filed herewith and made a part hereof.

 

Exhibit No.             Description

 

        99    —            Press Release dated October 2, 2002

 

2

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date:       October 2, 2002

 

 

THE SEIBELS BRUCE GROUP, INC.

 

 

By:

/s/ Matthew P. McClure

 

Matthew P. McClure

 

Corporate Secretary

 

3

 EX-99 3 j5130_ex99.htm EX-99

Exhibit 99

 

Contact:

 

 

Susan M. Kenney

 

direct phone:  803.748.2374

Vice President, Marketing and Sales

 

fax:  803.748.8420

 

 

email:  susan.kenney@seibels.com

 

 

THE SEIBELS BRUCE GROUP, INC ANNOUNCES

WITHDRAWAL FROM LETTER OF INTENT

TO SELL FLOOD INSURANCE BUSINESS

 

Columbia, South Carolina — 02 October 2002 — The Seibels Bruce Group, Inc. (OTC Bulletin Board:  SBIG) today announced that the previously announced letter of intent to transfer its flood insurance servicing rights to Selective Insurance Company of America has been mutually terminated due to lack of regulatory approval.

 

Seibels Bruce will continue to pursue a sale of its flood insurance business to another Write Your Own insurance company.  Seibels Bruce wrote $44.7 million and $22.5 of flood insurance through the National Flood Insurance Program for the year ended December 31, 2001 and the six months ended June 30, 2002, respectively.

 

The Seibels Bruce Group, Inc., headquartered in Columbia, South Carolina, is a holding company for four property and casualty insurance companies that offer commercial and nonstandard automobile insurance. In addition, Seibels Bruce offers claim administration services to insurance companies and other businesses through Insurance Network Services, Inc; flood zone determination and related services through America’s Flood Services, Inc.; and managing general agency services through Seibels, Bruce & Company. Additional information about Seibels Bruce can be found online at www.seibels.com.


Certain items in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and as such involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Seibels Bruce or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks include, but are not limited to, the ability to consummate proposed transactions and other uncertainties described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2001. Such forward-looking statements speak only as of the date of this press release. Seibels Bruce expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Seibels Bruce’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

 

###

 

 -----END PRIVACY-ENHANCED MESSAGE-----