W.R. Berkley Corp. reported its quarterly earnings grew, driven by greater policy rates. The company noted its second-quarter net income rose to $27.4 million, or 52 cents a share, compared with $9.6 million, or 21 cents a share, in 2001. …
CNA Financial Corp. has appointed Stephen Lilienthal chief executive, succeeding Bernard L. Hengesbaugh, who remains chairman. The move is effective Aug. 26. Lilienthal has been president and chief executive of the CNA Property & Casualty Operations. He will also be …
Catastrophes resulted in approximately $1.97 billion in insured property damage in the second quarter of 2002, according to preliminary estimates released by the Insurance Services Office Inc.’s Property Claim Services unit. The majority of the damage was the result of …
AIG chairman M.R. Greenberg says that property and casualty rates are likely to continue their upward climb in 2003. Greenberg reported in a conference call with analysts that insurers are rebuilding their capital base, which has been greatly impacted by …
The Kentucky Department of Insurance obtained a temporary restraining order against several entities and individuals alleged to have been marketing medical and/or professional liability coverage to Kentucky physicians without proper authorization. Insurance Commissioner Janie A. Miller announced that Judge Roger …
Austin, Texas-based Combined Agents of America LLC (CAA) announced that three of its members were recently elected to leadership positions with the Independent Insurance Agents of Texas (IIAT). Elections were held at IIAT’s 105th Annual Convention in Houston. CAA is …
Texas-based American National Insurance Company reported its gain from operations after tax for the second quarter of 2002 was $27,565,000 ($1.04 per share) versus $16,116,000 ($0.61 per share) for the same period in 2001, a 71 percent increase. For the …
New Jersey investigators report they have broken up a fraud ring that allegedly set up nearly 100 auto crashes and cost insurance companies some $2 million in bogus claims, according to the Associated Press. Grand juries indicted 28 individuals, charging …
Cascade/Amstar is offering a motor truck cargo program. Gas haulers are okay, no containers, no target items and no hazardous items. Call for appointment. Policy limits of $150,000, with deductibles starting at $500. Minimum premiums start at $600. The carrier …
The Colorado Division of Insurance has fined property/casualty insurer GuideOne Mutual Insurance Company $15,500 as a result of a recent market conduct examination. Violations cited included the alleged failure of the company upon cancellation or non-renewal of a policy to …
