Seibels Bruce Releases QualSure Ownership

The Seibels Bruce Group, Inc. (OTC Bulletin Board: SBIG), which was disciplined in August for writing workers' compensation insurance in Arizona against a South Carolina Insurance Department order, yesterday announced that its ownership interest in QualSure Holding Corporation (QualSure), a privately-held holding company based in Sarasota, Florida, has been redeemed by QualSure. Under the terms of the agreement, three of the Company's wholly-owned subsidiaries, South Carolina Insurance Company (SCIC), Catawba Insurance Company (CIC) and Consolidated American Insurance Company (CAIC)...