PAULA Financial announced net income for the first quarter of 2003 of $0.05 per share compared to $0.03 per shares for the 2002 period. Total revenue for the first quarter of 2003 was $4.6 million compared to $3.3 million for …
Ohio Casualty Corporation announced that second quarter earnings will be impacted by net catastrophe losses estimated at $12 million before tax which were incurred during the period April 1 though May 11, 2003. Approximately $9 million of the estimated catastrophe …
Recent reports of a national, privately financed trust to pay asbestos claimants have raised questions about the insurance industry’s ability to fund its participation in a trust while maintaining individual financial strength ratings. Because the proposed settlement is broadly in …
The burden skyrocketing medical liability costs are placing on America’s health care providers will not be eased by an amendment that would provide tax credits to hospitals and physicians in both low- and high-risk specialties, said a statement released by …
Jacobson Executive Search has placed Robert McNichols as the vice president of internal auditing and compliance at RLI of Peoria, Ill. This announcement brings an end to the nationwide search undertaken jointly by the specialty lines insurance carrier and the …
Cincinnati Financial Corp. announced a preliminary estimate of about $48 million for second-quarter pre-tax catastrophe losses resulting from severe weather through May 11. The storm losses, which affected policyholders of the Cincinnati Insurance Cos., are expected to add a total …
The adoption Wednesday of an asbestos resolution by the National Association of Insurance Commissioners will reportedly give insurers and other parties seeking to rein in runaway litigation costs an important arrow in their quiver when addressing Congress, according to the …
U.S. ocean marine insurers reportedly continued to outperform the property/casualty business as a whole in 2002, but the market should not begin celebrating just yet, according to David French, chairman, American Institute of Marine Underwriters (AIMU). Addressing a meeting of …
Esurance Insurance Co. is offering a new market for personal lines auto insurance in Illinois. Policy limits are $250/$500; deductibles are $250/$500/$1,000. The product is an admitted market with an ‘A’ rating. For more information, call Thomas Capp at (415) …
“Government now has the proof it needs to support substantive changes to the automobile insurance system in this province,” said Don Forgeron, Atlantic vice-president, Insurance Bureau of Canada, responding to Tuesday’s release of the Utility and Review Board (UARB) report …
