New Jersey’s Insurance Commissioner, Holly C. Bakke, has implemented the call by Governor James E. McGreevey to tackle the special problems the state’s urban consumers face when looking for insurance, with an order establishing a Task Force on Urban Area …
The International Commission on Holocaust-Era Insurance Claims is in the process of updating its website – www.icheic.org – to include as many as 379,000 new names of potential claimants, including families and descendants of the beneficiaries of numerous life insurance …
Standard & Poor’s Ratings Services announced that it has placed the ‘AA-‘ insurer financial strength and counterparty credit ratings on AMP Life Ltd., the Australian operating subsidiary of AMP Ltd. on CreditWatch Negative. It also placed the ‘A-‘ counterparty credit …
Montpelier Re Holdings Ltd. reported net earnings of $103.8 million, or $1.56 diluted earnings per share, for the three months to March 31, 2003, compared to $18.7 million, or 36 cents per share, for the first quarter of 2002. Gross …
Birmingham, Ala.-based Regions Financial Corp. announced it has begun providing insurance information and services online at its Regions Insurance Services Web site, www.regionsinsurance.com. Regions Insurance Services launched as a pilot project in October 2002, offering a line of small business …
The Florida Department of Financial Services filed administrative complaints this week against 15 Florida agents accusing them of selling insurance policies for unlicensed entities. The department announced it is continuing to conduct conducting unannounced compliance examinations at agent offices in …
Alabama Insurance Commissioner Walter A. Bell ordered an unlicensed Oregon company marketing medical malpractice insurance to physicians and hospitals in his state to terminate all activities there. The formal cease and desist order was filed against First Actual American Insurance, …
BancorpSouth Inc. announced that it has reached an agreement in principle to acquire certain assets of WMS, L.L.C., of Baton Rouge, which operates under the name of Wright & Percy Insurance. Terms of the acquisition were not disclosed. The firm …
Louisiana Insurance Commissioner Robert Wooley confirmed that the business of a Gonzales, La. insurance agent was halted in the latest investigation of alleged insurance fraud across the state. Department of Insurance Fraud Unit investigators served Melissa Guillot Robert, 39, at …
The Chubb Corporation reported that net income in the first quarter of 2003 was a record $224.6 million, a 13.3 percent increase over net income of $198.2 million in the first quarter of 2002. Net income per share increased 13.9 …
