The beleaguered Trenwick Group received some much needed good news from its first quarter 2003 results – a net loss of $600,000, or 2 cents a share, compared to a net loss available to common shareholders of $54.6 million or …
Standard & Poor’s London office announced the first issue of a new publication, “Inside View,” a series of guides providing insight into the insurance ratings business. “With global insurance markets still depressed and widespread pressure on market participants, the relative …
France’s SCOR Group, the world’s 8th largest reinsurer, continued its earnings recovery with strong first quarter net income of 31 million euros ($35.36 million), compared to 7 million euros ($7.98 million) in the same period last year and a 455 …
Germany’s Allianz reported a first quarter net loss of 520 million euros ($593.06 million), mostly due to another series of writedowns in the value of its investments, but from an operating point of view Europe’s largest insurer achieved some significant …
The Alaska Senate’s recent passage of legislation that would restrict insurers’ use of credit information came after lengthy negotiations among all interested parties, but still falls short of enabling insurers to effectively use this important and fair underwriting tool, according …
A Redmond, Wash. woman filed a bad faith lawsuit against Farmers Insurance Company of Washington (Farmers) accusing the company of systematically using a computer program called “Colossus” to provide an inaccurately low evaluation of her severe injuries in order to …
Chicago-based Old Republic International Corp. declared a higher quarterly cash dividend on its common stock of 17 cents per share. This represents an increase of about 6.3 percent over the prior quarterly and annual rates of 16 cents and 64 …
Southfield, Mich.-based Meadowbrook Insurance Group Inc. announced that Eugene B. Kelly, has joined the company as senior vice president of field operations. Kelly will oversee the company’s regional branch offices. Kelly has more than 25 years of commercial property/casualty insurance …
Archer Daniels Midland Co., in conjunction with several member companies of AIG, has developed a customized insurance program that is aimed at offering a broad package of insurance coverage to its grain elevator customers. The program includes property, liability, automobile, …
Insured property damages due to the May 4 tornadoes in Kansas are about $70 million, according to the state’s insurance department. Insurance Commissioner Sandy Praeger estimated that the damage in Northeast Kansas, including Leavenworth, Miami and Wyandotte Counties is about …
