Bermuda- based IPC Holdings, Ltd. reported that its operating income, which excludes net realized gains and losses, rose to $44.3 million or $0.92 per share, for the quarter ended March 31, 2002, compared to $20.0 million, or $0.76 per share, …
Sir Roger Hurn abruptly announced that he would step down as Chairman of the U.K.’s Prudential, amid controversy over his leadership of Marconi, the troubled U.K. telecommunications company, which he headed until last September before moving to the Pru. The …
Zurich North America’s Environmental Group has come up with an innovative program to provide today New York, New Jersey and Pennsylvania residents with coverage for their residential fuel oil tanks. The Home Environmental Protection program is the first to offer …
Penn-America Group, Inc. reported operating income of $2 million or 25 cents per share (basic and diluted) for the first quarter of 2002, compared with operating income of $0.9 million or 12 cents per share for the first quarter of …
The Department of Labor and Industries (L&I) has stepped up its efforts to sign up residential wood framers in the Washington workers’ compensation program, appealing to homebuilders and general contractors to not hire framers who don’t contribute to the state …
California-based Zenith National Insurance Corp. announced its workers’ compensation subsidiary, Zenith Insurance Company (Zenith), has gone into production with an ACORD 1.0 XML interface with Superior Access Insurance Services (SAIS), one of its California-based agents. This is Zenith’s first completed …
Two very different bills restricting insurers’ use of credit-based insurance scores are pending in Alaska House and Senate committees with no clear indication as to which is more likely to move. National Association of Independent Insurers (NAII) Northwest Regional Manager …
A bill that was heard April 22 by a California Senate panel requiring insurers to cover mold will create affordability and availability problems across all property/casualty lines of business, according to the Alliance of American Insurers. “As it currently stands, …
Sintech Software LLC, an application service provider (ASP) of web-based property and casualty and life and health agency management systems, has discontinued its online property and casualty agency management system, ProSpector. “Sintech designed ProSpector to provide agencies with a near …
Marsh & McLennan Companies, Inc. (MMC) has reported financial results for the quarter ended March 31, 2002, with consolidated revenues of $2.6 billion unchanged from last year. Net income grew 13 percent to $418 million, and earnings per share rose …
