Insurance portal ebix.com Inc. has signed an agreement that will allow the Iroquois Group’s network of independent agents to adopt the industry’s first true Internet-based agency management system providing “anytime, anywhere” functionality. Through this agreement the Iroquois Group, with a …
Aon Corporation has reported that first quarter 2002 dilutive earnings per share are expected to be in the range of $0.56-$0.59 per share (including a one-time pretax income item of $48 million or $0.11 per share). This compares with year-ago …
The National Association of Insurance Companies (NAMIC) has published a State Laws and Legislative Trends report on the “Use of Credit History by Insurance Companies.” The NAMIC analysis shows: Prior to 2002, no states have strictly prohibited insurance companies from …
As anticipated, the Missouri House late last week passed and sent to the Senate without further changes a bill regulating insurers’ use of credit-based insurance scores. Earlier last week, the House rejected proposed amendments to the committee substitute for House …
Ohio Insurance Director Lee Covington weighed in on a case before the Ohio Supreme Court, asking it to uphold the state insurance department’s longstanding policy that homeowners policies do not cover automobile accidents. Covington has filed a second amicus brief …
Ever since its February announcement that it planned on changing its name to Aviva, CGNU has been under fire from its shareholders for joining the rush to adopt meaningless, if not actually silly, new corporate names. Now, according to a …
RenaissanceRe Holdings Ltd. proved once again that it can make money better than anyone else. The Bermuda-based company announced that its first quarter net operating income available to common shareholders (excluding realized investment gains and losses) rose to $86.6 million, …
A.M. Best announced that it has maintained the A- (Excellent) financial strength rating of the Lloyd’s market “after the recent announcement of a 2001 loss of GBP 3.11 billion [$4.5 billion], on an annually accounted basis.” Lloyd’s announced the loss …
The Donegal Group Inc., based in Marietta Pa., announced that its operating results for the quarter ended March 31, 2002 showed net income of $2,180,716, or $.24 per share on a diluted basis, a decline of around 26 percent from …
Erie Indemnity Company reported that its net income for the quarter ended March 31, 2002, increased to $44,201,582 from $34,785,305 for the same period in 2001, while operating income (net income excluding net realized gains and related federal income taxes) …
