Illinois consumers filed more complaints about their insurance companies, but fewer against their HMOs, according to the 2001 consumer complaint statistics released by Illinois Director of Insurance Nat Shapo. The Illinois Department of Insurance investigated 12,269 written complaints against insurance …
Virginia-based Hilb, Rogal and Hamilton Company reported total revenues for the second quarter increased 23.0 percent to $95.7 million compared with $77.8 million a year ago. Commissions and fees rose 27.5 percent to $94.7 million from $74.3 million. Excluding the …
Nevada’s Democratic leaders in the Assembly have indicated a cap on non- economic damages is likely to become a portion of a final compromise to solve the state’s medical malpractice insurance crisis, according to an Associated Press report. Democrats, however, …
Seattle-based SAFECO has reported second-quarter income before charges and gains of $46.8 million, or $0.37 per diluted share. This compares with a loss of $33.4 million, or $0.26 per share, in the second quarter of last year. Net income, including …
Fitch Ratings lowered its insurer financial strength rating on Attorneys’ Liability Assurance Society Ltd. (ALAS) of Bermuda to “AA-” from “AA”. The rating outlook is stable. Fitch’s action reflects its belief that due primarily to intense competition and cyclical market …
Bermuda-based RenaissanceRe Holdings Ltd. reported $93.3 million in second quarter net operating income available to common shareholders (excluding realized investment gains and losses), compared to $37.5 million in the second quarter of 2001. Operating earnings per common share grew to …
Bermuda-based Everest Re Group Ltd. reported a decrease in second quarter 2002 net income, affected by the previously disclosed investment losses from exposure to WorldCom, of 6.8 percent to $53.4 million, or $1.02 per diluted share compared to $57.3 million, …
Great Britain reportedly will increase a scheme to insure businesses against terror attacks to include nuclear and biological warfare or a repeat of those on Sept. 11, according to a Reuters report. Presently known as “Pool Re”—the current state-backed scheme …
MyAutosaver.com is offering a program for theft guarantee. The program is available on an appointment and brokerage basis. Policy limits up to $5,000 and minimum premiums as low as $65 a year. The carrier is Guaranty National Insurance Co. Rated …
St. Paul Cos. named William Robbie Chief Financial Officer of its St. Paul Re reinsurance division. Michael Lombardozzi was named general counsel. The company said that upon completion of the initial public offering of its Platinum Underwriters Holdings Ltd division, …
