Over 800 Florida doctors and a dozen in Mississippi protested rising costs of malpractice insurance by staying off the job. According to Associated Press reports, doctors in the Palm Beach County area protested by attending a two-day conference on the …
Austin, Texas-based insurance education provider, The National Alliance for Insurance Education & Research, announced the selection of Carolyn Smith as the new director of Marketing and Promotions for the not-for-profit organization. Smith brings 18 years of marketing expertise to The …
Palmer & Cay Consulting Group, the benefits and compensation consulting division of Palmer & Cay Inc., announced an expansion of its operations to include an office in Houston, Texas. This latest expansion move by Savannah, Ga.-based Palmer & Cay brings …
Peter Presperin has been named executive vice president and president of Reinsurance and Discontinued Operations of the Fireman’s Fund Insurance Company. Presperin had formerly been chief financial officer of First Colony Life, a part of GE Financial Assurance. He previously …
Seattle-based SAFECO reported its best annual performance in four years, posting net income of $301.1 million – or $2.33 per diluted share – for the full year 2002. This compares favorably with 2001’s net loss of $989.2 million-a loss of …
Minnesota-based The St. Paul Companies announced fourth-quarter 2002 net income of $244.2 million, or $1.02 per share, compared to a fourth-quarter 2001 net loss of $736 million, or $3.57 per share. Fourth-quarter 2002 operating earnings (net income excluding after-tax realized …
Standard & Poor’s has placed its ‘A-/A-2’ counterparty credit rating on ACE Ltd. on CreditWatch with negative implications because of ACE’s announcement that it will strengthen its asbestos reserves by $2.18 billion (gross) ($516 million net; $354 million after taxes) …
ConfirmNet Corporation, a supplier of online solutions for insurance certificate management, has been selected by ACORD to offer independent agents a free online tool to create and deliver certificates of insurance. The offer is extended to members of ACORD’s Advantage …
American Insurance Association (AIA) vice president and assistant general counsel David Snyder responded to the release of effect of credit scoring on auto insurance underwriting and pricing, a study by the Washington Office of the Insurance Commissioner (OIC). “It will …
IVANS, Inc. announced the general availability of IVANS WebSEMCI(TM) with Transformation Station(TM) integration for AMS AfW agents. Agents can now download this software from the AMS Web site to conduct business with insurance carriers. IVANS has enabled WebSEMCI to request …
