Chicago-based commercial lines leader CNA Financial Corp. reported first-quarter net income of $83 million, or 30 cents per share, up 315 percent from $20 million, or 9 cents per share, in the first quarter of 2002. Net operating income from …
Tornadoes that swept across Arkansas, Kansas, Missouri, Nebraska, South Dakota and Tennessee earlier this week could cost insurers at least $325 million — making it one of the top five costliest tornado events, according to the Insurance Information Institute (III). …
Aon Corp. announced the results of its 2002 “Property and Casualty Earnings Volatility Study” that highlighted the insurers and reinsurers that were most effective at minimizing the volatility in their earnings. Consistent with the results from prior years, the 2002 …
L. Paul Bremer, former CEO of Marsh’s Crisis Consulting Practice, has been appointed presidential envoy to Iraq, the top civilian spot in charge of overseeing the administration of a temporary government regime in the country. In his capacity as presidential …
The shortcomings of the medical liability system have driven up health insurance premiums and reduced access to medical care, according to a new Republican-controlled congressional study. The new study released by the Joint Economic Committee, Liability for Medical Malpractice: Issues …
The family of an Aon Corp. pilot killed in a 1996 airplane crash will be paid almost $9.5 million by the Wheeling, Ill., Palwaukee Municipal Airport pursuant to the order of an Illinois trial court. The crash also killed Arthur …
Copart, Inc., the U.S. leading auto salvage service for insurance companies, announced that it has opened a new 12-acre facility in Richmond, Virginia, bringing its total locations to 102 in 40 states. “The new Richmond location is strategically located midway …
The MIIX Group, Inc. of Lawrenceville, NJ, a provider of medical professional liability insurance services, announced net operating income of $7.2 million, or $.54 per share, for the first quarter ended March 31, 2003, compared to a net operating loss …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and financial strength ratings on American National Insurance Co., “based on the company’s extremely strong capitalization and operating performance and very strong liquidity and business position.” …
Following the recent hearings on reforming New Jersey’s auto insurance coverage regulations, the Professional Insurance Agents of New Jersey Inc. suggested that the problem with auto insurance availability stems from the fact that insurance companies don’t want to do business …
