Minneapolis-based RTW Inc., which manages both insured and self-insured workers’ compensation programs, reported net income for the second quarter ended June 30, 2003, of $639,000, or 12 cents per basic and diluted share and $1.2 million, or 23 cents per …
Brookfield, Wis.-based Fiserv, Inc., a financial and insurance industry software provider, announced record earnings for the second quarter of 2003. For the three-month period ended June 30, 2003, Fiserv processing and services revenues were $659.1 million, a 17 percent increase …
American E&S Insurance Brokers of New York Inc. announced today the acquisition of RMC2, LLC, a national excess and surplus insurance broker with offices in the Chicago area and West Palm Beach, Fla. American E&S is a wholly owned subsidiary …
Daytona Beach, Fla.-based Brown & Brown, Inc. today announced that the Board of Directors has declared a regular quarterly cash dividend of 5 cents per share. The dividend is payable on August 20, 2003, to shareholders of record on August …
Standard & Poor’s Ratings Services said assigned its ‘BBB’ senior debt rating to Birmingham, Ala.-based Infinity Property and Casualty Corp.’s $200 million senior secured term loan facility. “The rating is based on the group’s strong market position as the third …
On Wednesday, the House Financial Services Committee, chaired by Rep. Michael G. Oxley, R-Ohio, favorably passed H.R. 253, the “Two Floods and You Are Out of the Taxpayers’ Pocket Act.” Sponsored by Rep. Doug Bereuter, R-Neb., the legislation would reportedly …
Calvin Gregory, aka Calvin Green, was sentenced to one year in jail with all but 86 days suspended and one year probation for attempted insurance fraud against IWIF, Maryland’s largest workers’ compensation insurance carrier. While working for a temporary employment …
Connecticut-based W. R. Berkley Corporation reported second quarter net income of $95.8 million, or $1.65 per share, up from $27.4 million, or 52 cents per share, a year ago. Net operating income for the second quarter of 2003 was $67.6 …
Willis Group Holdings Limited reported record results for the quarter and six months ended June 30, 2003. Separately, the Board of Directors approved a 30 percent increase in the regular quarterly cash dividend on the company’s common stock to $0.1625 …
This week’s endorsement of competition to determine insurance pricing by the nation’s largest organization of state legislatures “sends the strongest message yet that states are prepared to take the responsibility for making their insurance regulatory systems more efficient and effective,” …
