Cincinnati-based Midland Co. reported a net loss of $1 million, or 6 cents per share, including 10 cents in realized capital gains for the second quarter. That compares with net income of $5.9 million, or 33 cents per share, in …
Standard & Poor’s Ratings Services said today that it revised its outlook on Birmingham, Ala.-based personal lines writer Infinity Property and Casualty Corp. and Infinity’s insurance subsidiaries to stable from negative based on Infinity’s improved financial flexibility at the holding-company …
Memphis, Tenn.-based Baptist Memorial Health Care recently created a malpractice financial assistance program designed to offset extraordinary premium increases some physicians are facing in Mississippi. Because the St. Paul Cos. and Reciprocal of America, or Doctors Insurance Reciprocal, have stopped …
On July 15, the Association of California Insurance Companies (ACIC) filed objections to the California Office of Administrative Law (OAL) regarding a proposed emergency regulation that would impose restrictions on insurance companies’ ability to consider past losses when underwriting homeowners …
Teri Sims has joined Dodge Warren & Peters’ Torrance, Calif. office as benefits account manager. Sims will service large, corporate clients assisting them in benefit planning for their employees. Prior to joining DW&P, Sims was an account manager at Santa …
A Baptist minister has been charged with 17 felony counts of insurance fraud and grand theft after an investigation by the California Department of Insurance (CDI) reportedly found that he worked as a pastor despite claiming total disability retirement benefits …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Lloyd’s of London. The outlook remains stable. The rating reflects Lloyd’s maintenance of an excellent business profile and capitalisation, its improving performance, stable investment returns and enhanced …
AIR Worldwide Corporation (AIR) announced the release of its 2003 European extratropical cyclone model, which is used by insurers and reinsurers to price contracts and manage risk from these windstorms. The model incorporates the latest advances in AIR’s numerical weather …
Standard & Poor’s Ratings Services said it affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on Belgium-based reinsurer Secura N.V., following a review. The outlook is stable. “The ratings on Secura are enhanced by the provision of …
Following a March 2003 announcement on the number of workplace injuries and illnesses that occurred in 2001, the Florida Department of Financial Services released additional statistics this week which further describe those injuries and illnesses. According to a joint federal …
