Insurance holding company Atlantic American Corporation of Atlanta announced that effective May 15 it completed the private issuance of $22.5 million aggregate amount of floating rate capital securities, as part of a pooled transaction that involved various other insurance companies. …
A bill that passed both houses of the Georgia Legislature contains several positive civil justice reforms and should be signed into law by the governor, according to the Alliance of American Insurers. According to the Alliance, HB 792 would revamp …
Dallas-based GAINSCO INC. reported net income for the first quarter 2003 of $0.1 million. After including effect for the accretion of the discount on the redeemable preferred stock of $0.7 million and the accrual of dividends on the redeemable preferred …
Oklahoma Insurance Commissioner Carroll Fisher told tornado survivors he will help the insurance industry in any way possible to resolve claims resulting from the storms that hit his state in early May. Fisher made his comments as he toured storm …
Maine has become the first New England state to send legislation to the governor that follows the National Conference of Insurance Legislators (NCOIL) credit-based insurance model. The NCOIL model or a form of the model has been passed by 12 …
New York Superintendent Gregory Serio, along with Albany District Attorney Paul Clyne, announced that Dierdre Wolberg, co-owner of State Opticians has been sentenced to six months house arrest and five years felony probation for reportedly defrauding the Capital District Physicians’ …
Commercial P/C software provider, INSTEC, announced an agreement with Compensation Risk Managers, LLC. (CRM) for the implementation of the QuickSolver® Workers’ Compensation policy rating and administration solution. The solution will also feature an on-line interface between the INSTEC software and …
Innovative Software Solutions, a software development firm that specializes in customizable administrative systems and business submission solutions, announced a strategic alliance with Lewis & Ellis, Inc., an Overland Park, Kan.-based company that specializes in actuarial consulting services and illustration systems. …
The National Council on Compensation Insurance (NCCI) released its annual “State of the Line” preliminary workers’ compensation market analysis this week, with this year’s report indicating that the industry’s combined ratio for Calendar Year 2002 is 110 percent, a remarkable …
FPIC Insurance Group Inc. of Jacksonville, Fla. reported net income of $2.8 million, or $0.29 per diluted share, for the first quarter 2003, compared to a net loss of $26.7 million, or ($2.81) per diluted share, for the first quarter …
