American Financial Group Inc., a Cincinnati-based insurer, reported a 71 percent drop in net profits in the first quarter after investment losses and higher costs. The company earned $13.1 million a share in the quarter, or 19 cents a share, …
The Hartford Financial Services Group Inc., a national insurance and financial service company, reported a 12 percent increase in operating income to $253 million for the first quarter of 2001 compared to the same period in 2000. Solid performance in …
Conning Corporation, a provider of asset management services to insurance companies and institutional investors based in Hartford, Conn., has predicted an increase in auto insurance premiums next year, reversing a trend in declining auto insurance rates that began in 1995. …
Lloyd’s and London’s International Underwriting Association announced that their joint venture with Xchanging, an Internet and information technology specialist, to create a unified premium processing and claims service covering the London market would begin operations on May first. The three …
Swiss Re announced it had agreed to acquire Dallas-based Southwestern Life Holdings, Inc., which specializes in life, health, annuities and long term care products, in an all cash transaction valued at $171 million. The new deal comes just days after …
Of the six new brokers admitted to Lloyd’s select fraternity five are based outside of the U.K., marking the first time that the venerable institution has given foreign brokers direct access to the Lloyd’s market. Beginning this year Lloyd’s revamped …
The CDI announced the arrest of John Martin by the Philadelphia Police Department Felony Warrant Detail. The arrest warrant was issued in Orange Superior County Superior Court in response to two felony charges filed by the Orange County District Attorney’s …
Stanislav Svinarenko was booked into the Sacramento County Jail with bail set at $5,000 after being arrested on one count of insurance fraud. The Fair Oaks resident faces up to five years in state prison, with a possible maximum fine …
The California Department of Insurance (CDI) Fraud Division arrested Antioch resident Rudolfo Villasenor, 28, for felony insurance fraud and possession of dangerous drugs/narcotics, along with Ruben Rodriguez, Jr., 25, of Oakley for felony insurance fraud and possession of a stolen …
A California insurance committee has approved legislation that would indefinitely extend the state’s experimental low cost auto insurance program and could drive up the number of underinsured motorists, according to the National Association of Independent Insurers. “No justification exists to …
