Fremont General Corporation reported net income of $23,538,000 for the second quarter of 2002. This was comprised of net income from continuing operations of $22,918,000 and an after tax gain on the extinguishment of debt of $620,000. The net income …
The St. Paul Companies announced that Thomas Bradley, chief financial officer, and Andy Bessette, chief administrative officer, have been named executive vice presidents in addition to their current titles. Bradley has responsibility for all of the company’s financial and accounting …
The National Association of Insurance Commissioners (NAIC) announced a long- term partnership with Aithent Inc. to develop a state-of-the-art Web-based system that will automate regulatory functions for state insurance departments. This software will provide the foundation for a new NAIC …
A.M. Best Co. has assigned a financial strength rating of A+ (Superior) to the re- established Gulf Insurance Group (New York), and removed from under review the rating of six companies, which were previously part of the Travelers Property/ Casualty …
Florida Treasurer and Insurance Commissioner Tom Gallagher announced that a public forum will be held in Orlando to obtain public input and hear testimony concerning mold coverage in homeowners’ and commercial residential insurance policies. Gallagher said the forum will provide …
Presidion Solutions, Inc., a privately held Professional Employer Organization (PEO), has renewed its workers’ compensation insurance program with Florida- based First Commercial Mutual Insurance Company. First Commercial specializes in Florida-based workers’ compensation programs and has partnered with UniSource Administrators—one of …
An order signed last week by Oklahoma Insurance Commissioner Carroll Fisher will ease regulatory restrictions on an insurer’s ability to develop and introduce new commercial lines insurance products in the state, according to the American Insurance Association. The AIA added …
Kansas-based GE Employers Reinsurance Corporation (ERC) named Kyle Rhodes National Accounts Manager for ERC’s Property & Casualty North American Direct Business. Rhodes and his team are responsible for U.S. Property & Casualty Treaty Business. He replaces Tom Smith who joined …
Ohio Casualty Corporation, based in Fairfield, Ohio, announced net income of $13.1 million, or $0.21 per share, for the second quarter ended June 30. In the same quarter of 2001, the Corporation reported net income of $16.7 million, or $0.28 …
Fitch Ratings has affirmed the “AA” insurer financial strength rating of American Family Mutual Insurance Company (American Family) and its three property- casualty insurance subsidiaries, American Standard Insurance Company of Wisconsin, American Family Insurance Company and American Standard Insurance Company …
