In the process of securing policyholders’ confidence and votes for its January 2000 demutualization, John Hancock, through a complex series of actions and omissions, deceived its policyholders into acting against their financial interests, writes Schiff’s Insurance Observer (www.InsuranceObserver.com). These actions …
Fireman’s Fund Insurance Company has integrated Farm & Ranch management into its Small Business operations, which completes a companywide realignment of its agricultural risks. “This management integration completes action begun this spring when we aligned with Rural Community Insurance Services …
The Board of Directors of Kansas City Life Insurance Company declared on July 28, 2003 a quarterly dividend of $ .27 a share. The dividend will be payable on August 25, 2003, to stockholders of record on August 11, 2003. …
Pennsylvania Insurance Commissioner M. Diane Koken on Tuesday announced that Commonwealth Court has granted final Orders of Liquidation for the Legion and Villanova Insurance Companies. The liquidation orders became effective July 28, 2003, at 12:01 a.m. These companies are now …
Springfield, Ill.-based Horace Mann Educators Corp., which provides insurance and annuities to educators, announced that its net income for the second quarter and six months ended June 30 was negatively affected by about 15 cents per share due to an …
Tim Donney has joined Fireman’s Fund McGee Marine Underwriters at the company’s New York City headquarters as Marine Loss Control Director. A 25-year veteran of marine loss control, Donney will manage the loss control services provided by this leading marine …
The dramatically mixed results of the most recent U.S. Department of Transportation’s National Highway Traffic Safety Administration (USDOT) survey showing historic lows in crash-related injuries and historic highs in highway fatalities reportedly testifies to the need for more stringent methods …
Standard & Poor’s Ratings Services said it lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of the Swiss Re group (Swiss Re) to ‘AA’ from ‘AA+’. The …
Hamilton, Bermuda-based ACE Limited reported the results of operations for the quarter ended June 30, 2003. Highlights for the quarter are as follows: Net income for the quarter was $371 million compared with net income of $104 million for the …
London American continues to roll out a number of diverse contractor markets for California with strong financial rated carriers. London American has an Artisan Service and Repair In-House Exclusive Program with an A+XV Rated Insurer offering up to 46 classes …
