The Midland Company, a specialty insurance products and services provider headquartered in Cincinnati, Ohio, reported that net operating income (net income excluding capital gains/losses and the effects of any changes in accounting principles) for the first quarter ended March 31, …
The Australian government has joined the U.S., the European Union and other countries in extending excess coverage for terrorist and war risk to the country’s airline industry and related infrastructure. The Australian plan, which was first adopted in the wake …
Mondial Assistance, which was originally established in France in 1974, became a wholly owned subsidiary of Allianz when it acquired AGF. The division now employs approximately 5,000 people, has offices on all five continents, and last year processed about twelve …
At a recent conference for analysts Holland’s ING Group indicated that it was “cautiously optimistic” about its earnings recovery for the year 2002, but refrained from making a full year prediction. The company indicated that it is on target to …
Penn-America Group, Inc. announced a three-for-two stock split to be effected in the form of a 50% stock dividend payable to stockholders of record as of April 25, 2002. The distribution date will be May 9, 2002. Jon Saltzman, president …
Two New York doctors, charged as part of a fraud ring last December, have pleaded guilty to “felony insurance fraud charges admitting to fraudulently embellishing and falsifying their reports of the examinations of undercover investigators who posed as accident victims,” …
The American Insurance Association (AIA), American International Companies and Liberty Mutual Insurance Company have filed an appeal with the California Board of Equalization (BOE), the state’s highest tax policy entity, challenging recent efforts by the California Department of Insurance (Department) …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch Fraud Division arrested a Redding man on six felony counts of insurance fraud, six counts of grand theft and one count of conspiracy. Richard W. Powell, M.D. was arrested …
Entertainer Ed McMahon is suing his insurance company for $20 million, alleging that a toxic mold spread through his house and made McMahon and his family ill, according to reports by the Associated Press and the Los Angeles Times. McMahon’s …
PwC Consulting™, a business of PricewaterhouseCoopers, has introduced the Integrated Financial Services Solution for Insurance (iFS Solution), the first component-based solution designed for the industry. The iFS Solution deals with critical business and technology issues facing manufacturers and distributors of …
