The National Association of Independent Insurers (NAII) Board of Governors reiterated its strong support of litigation reform by adopting a comprehensive policy position on the topic at its June meeting. The policy position adopted by the NAII Board extends the …
As the public’s interest in motorcycle riding has reportedly grown over the last decade, so has insurance company interest grown in meeting the needs of this segment of the marketplace. According to the Motorcycle Industry Council, (MIC) 2002 sales were …
Victims of Hurricane Claudette can receive assistance from the Texas Department of Insurance at disaster recovery centers (DRCs) in Port Lavaca, Victoria and Bay City. Teams of trained volunteers from TDI’s Consumer Protection Program and other operating divisions will be …
One in three U.S. adults say that it is all right to exaggerate insurance claims under certain circumstances, according to a recent Insurance Research Council (IRC) survey. These respondents agreed that it is acceptable to increase the amount of an …
Chicago-based Unitrin Inc. reported net income of $22.7 million (34 cents per common share) for the second quarter, compared to net income of $4.4 million (6 cents per common share) for the same period in 2002. Profit was up thanks …
Chicago-based carrier Old Republic International Corp.’s consolidated net operating income per share for this year’s second quarter grew by 8.1 percent compared to the same period of 2002. For the first half of 2003, net operating earnings per share grew …
Bermuda-based Montpelier Re Holdings Ltd. reported net income of $112.5 million, or $1.66 diluted earnings per share, for the three months to June 30, 2003 and net income of $216.3 million, or $3.24 diluted earnings per share, for the first …
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to Transmonde Services Insurance Company Ltd., Bermuda. The outlook is stable. The rating reflects the company’s strong level of capitalization and profitable operating results. Transmonde provides professional, …
McClellan & Corren, a new law office, has opened its doors this summer in San Francisco. Led by experienced attorneys Regina McClellan and Edye Corren, the firm represents insurers, third-party administrators, and employers in the defense of workers’ compensation and …
The Independent Insurance Agents & Brokers of America (IIABA) is applauding approval of flood insurance reform legislation by a House committee that will reportedly extend the program for five years and institute mitigation activities for the worst repetitive-loss properties. The …
