American Financial Group has reported “disappointing” results for 2000, with net earnings from insurance businesses of $42.3 million ($.71 per share) for 2000 compared to $150.4 million ($2.50 per share) for 1999. The 2000 results include after-tax charges of $22.8 …
The National Association of Insurance Commissioners announced today that Alabama, Arkansas, Indiana and Ohio will join the previously named states of Maine, Michigan, New York, Oregon, Pennsylvania and Texas for the limited launch of the Coordinated Advertising Rate and Form …
ebix.com has signed an agreement with About, Inc. to service the insurance needs of About’s users. The agreement, designed to drive traffic to the co-branded Insurance Center on About.com, comprises content integration, co-branding, sponsorship and advertising. Media Metrix recently ranked …
The Seibels Bruce Group has appointed Gregory L. Spray as vice president and general manager of Winston-Salem-based Universal Insurance Co., the company’s nonstandard automobile insurance subsidiary. Spray formerly served as vice president of Integon Insurance Corp., from 1992-1999 and established …
The Indiana House Committee on Insurance has unanimously approved House Bill 1674, which repeals the current requirements and creates a new statute for producer licensing. The bill is supported by the Indiana Department of Insurance and is based on the …
The Hartford Financial Services Group has completed the sale of its Hartford Seguros subsidiary in Bilbao, Spain, to Liberty International, a subsidiary of Liberty Mutual Group. Financial terms of the transaction were not disclosed. The sale of Hartford Seguros reflects …
Axa Financial announced today its fourth-quarter operating profits dipped 3.5 percent because of difficult stock markets. The New York-based firm, the U.S. arm of French insurer Axa, said operating profits, excluding earnings from investment bank Donaldson Lufkin & Jenrette, in …
Hilb, Rogal and Hamilton Co. has acquired substantially all of the operating assets of Palley Simon Associates Inc., a full-service insurance agency in Jenkintown, Penn. With approximately $3 million in annual revenues and 25 employees, Palley Simon has been providing …
A Colorado bill that would have prohibited insurers from using credit reports and credit scoring in personal lines underwriting and rating was killed by the House Information and Technology Committee by a 6 to 4 vote. HB 1126 was “a …
On Feb. 7, the 9th U.S. Circuit Court of Appeals in Sacramento backed a California law forcing insurers to disclose policies sold in Europe before World War II. The law, which was adopted by the Legislature in 1999 but blocked …
