The St. Paul Companies announced a second-quarter 2002 net loss of $223 million, or $1.09 per diluted share, including the previously announced $380 million after-tax impact of its settlement of the Western MacArthur litigation in June 2002. The company reported …
Marsh & McLennan Companies, Inc. (MMC) reported consolidated revenues for the second quarter increased 3 percent to $2.6 billion from the second quarter of 2001. Net income grew 15 percent to $336 million, and earnings per share rose 18 percent …
Nuts & Bolts: CK Specialty Insurance Associates Inc. has available a program for homeowners insurance. HO3 and dwelling fire forms. Previous claims and protection class 9&10 OK. Dollars: Policy limits of $1,000,000; Property/$500,000 CPL. Minimum premiums of $750. Carrier: Lloyds, …
Florida Treasurer and Insurance Commissioner Tom Gallagher has announced a public hearing to hear public testimony on mold coverage in homeowners and commercial residential properties. To date, the Department of Insurance has received nearly 200 filings by insurance companies requesting …
Texas Democratic gubernatorial candidate Tony Sanchez is contending that Gov. Rick Perry should call a special session of the Texas Legislature to deal with the state’s reeling homeowners market. According to the Associated Press, Sanchez stated that the governor has …
Ohio-based Safelite AutoGlass, headquartered in Columbus, Ohio, has partnered with OneBeacon Insurance Group, Boston, under which Safelite will provide auto glass and claims management services for OneBeacon’s policyholders. Under the new agreement, Safelite will act as the claims administrator for …
Ohio Department of Insurance Director Lee Covington has issued a cease and desist order against former Sandusky County agent Deborah L. Frazier after an investigation revealed she had allegedly acted as an insurance agent in violation of the consent decree …
Pennsylvania-based Baldwin Sadler Corp. has formed a large fleet brokerage facility. The large fleet brokerage facility will entertain submissions from all states except Alaska and Hawaii. Truck fleet risks of 50 or more power units are eligible, and fleets carrying …
Boston-based OneBeacon Insurance Group named Paul LaPerriere as senior vice president of marketing. LaPerriere joins OneBeacon after 15 years at Fireman’s Fund Insurance, where he served most recently as chief marketing officer. During his tenure there he also held a …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch arrested Alfred Galoustian, 34, on a felony warrant charging six counts of grand theft. Galoustian’s bail was set at $120,000. If convicted, Galoustian faces imprisonment in county jail not …
