Bermuda-based Endurance Specialty Insurance Ltd. reported net income of $31.3 million for the second quarter ended June 30, 2002. Gross premiums written and acquired for the period were $264.3 million. Net premiums earned for the quarter were $75.1 million. Endurance …
A.M. Best Co. has placed the financial strength ratings of the insurance subsidiaries operating within Combined Specialty Group, Inc. (CSG) under review with negative implications. The rating action follows Aon Corporation’s second quarter earnings announcement in which Aon announced its …
The Department of Health and Human Services struck the right balance between privacy and practicality concerns in revising its medical privacy regulations, according to the Alliance of American Insurers. HHS announced Aug. 9 that the regulations will allow doctors and …
American International Group Inc said it will begin treating stock options as an expense from the beginning of 2003. Chief Executive Maurice Greenberg had said last month when the company announced second-quarter results that AIG would have no concerns for …
Robert Partridge was named head of Standard & Poor’s Insurance Sector Analysis Group. Partridge, a nine-year veteran of Standard & Poor’s Ratings Services, was most recently the head of the insurance group’s Analytic Support Unit. Partridge leads a group of …
Alex Soto, a member of the Independent Insurance Agents & Brokers of America’s (IIABA) Executive Committee, will participate in a White House-led economic forum hosted by President Bush and Vice President Cheney Aug. 13 in Waco, Texas. “I am extremely …
The Professional Insurance Agents of Connecticut, New Jersey and New York Inc. have released their associate member directories under the “What’s Hot” section on their respective Web sites at www.piaonline.org/CT/NJ/NY. In their new electronic form, the directories will be updated …
New York superintendent of Insurance Gregory Serio announced that an investigation into suspected sales of fake insurance ID cards has resulted in the arrest of Theresa Feliz, 49, of Bronx, New York. She is charged with Forgery, Criminal Possession of …
New digital fingerprinting technology will speed up the process of applying for a Florida insurance agent’s license, save money and better protect consumers, Treasurer and Insurance Commissioner Tom Gallagher announced. State regulators will now be able to detect applicants with …
HCC Insurance Holdings Inc. of Houston announced financial results for the second quarter and six months of 2002. Second quarter net income totaled $26.8 million, a 32 percent increase from the second quarter of 2001. Net earnings for the first …
