The Oregon Department of Consumer and Business Services has revoked the insurance agent license of a Portland man, J. Henry Edgmond, for misappropriating funds belonging to an insurance agency. An investigation by the Insurance Division of DCBS found that Edgmond …
Mercury General Corp. has reported net operating earnings for the second quarter of 2000 were $25.6 million, or $.47 per diluted share, compared with $33.9 million, or $.62 per diluted share in 1999. For the full six months, net operating …
A new survey reveals many of the nation’s largest employers are not prepared to handle e-commerce and e-communication risks. From dot.com companies to brick-and-mortar businesses using the Internet to dispense information or sell products, few employers have implemented the type …
Argonaut Insurance Company has signed an agreement with ebix.com Inc. to pilot the company’s business-to-business portal, ebix.link, with several select brokers. This transaction-oriented software is a B2B e-commerce tool enabling insurance companies to establish electronic relationships with their agents while …
WebQuote users are guided through a step-by-step process that lets them select the insurance plans they are considering for crops in their local area or anywhere in the United States. The new online quoting system is capable of providing premium …
Clarendon Insurance Group has completed its purchase of Redland Insurance Company from Acceptance Insurance Group. Acceptance retained all Redland assets associated with its crop insurance operations, as well as an option to repurchase Redland. Acceptance also was appointed Redland’s exclusive …
Halifax shares fell 20 points Friday after posting second quarter results, which fell below industry expectations. Chief executive James Crosby delivered the news Friday, saying pre-tax profits for the first half ending June 30 rose only 8 percent, while the …
CNA announced today that it has entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corp. The agreement will take effect in …
The New Jersey Banking and Insurance Department has introduced a 2000 Homeowner’s Insurance Premium Comparison Survey designed to help consumers compare rates for homeowner, renter and condominium insurance. The survey provides consumers who are shopping for homeowner’s insurance the opportunity …
The costs of medical care for injured workers in Massachusetts are significantly lower than the other states reviewed in a study by the Workers Compensation Research Institute. The study of eight states, representing 40 percent of the nation’s workers compensation …
