King Support Systems Insurance Services announced the expansion of their Mobile Home Park Program. King is now able to write difficult to place risks. This program has the means to accommodate Mobile Home Parks that have had loss experience (including …
Candysse Miller, executive director of the Insurance Information Network of California (IINC), released the following statement regarding claims on the Southern California brushfires: “Our surveys of the insurance industry have confirmed a total of 3,430 claims filed from the Southern …
The Senate this week passed by unanimous consent agreement S. 1768, the “National Flood Insurance Program Reauthorization Act of 2004.” The bill, introduced by Senator Jim Bunning (R-Ky.) and Senator Richard Shelby (R-Ala.), provides a one-year reauthorization of the program …
A former Florida insurance agent is facing several felony charges for allegedly stealing more than $36,000 from a fund he was managing for Modern Woodmen of America. Michael D. Peck, 56, was arrested last Friday on charges of scheming to …
Florida-based eAutoclaims reportedly just completed its second profitable quarter. Net income for the six-months ended July 31, 2003 totaled $230,102 compared to a net loss of $2,364,056 for the six-months ended July 31, 2002, an improvement of $2,594,158. Revenue for …
The National Association of Professional Insurance Agents (PIA) this week applauded action by the Senate to reauthorize the National Flood Insurance Program (NFIP) and called on the House of Representatives to quickly follow suit. On Oct. 27, the U.S. Senate …
Ohio-based insurer Cincinnati Financial Corp. (CFC) reported third-quarter 2003 net income of $104 million, or 64 cents per diluted share, compared with $72 million, or 44 cents per share, in the third quarter of 2002. Net income per share included …
Chicago-based insurer Old Republic International Corp. reported greater earnings for this year’s third quarter and first nine months. Net income in this year’s third quarter totaled $119.9 million, or 98 cents per share, versus $96.3 million, or 79 cents per …
American National Insurance Company, based in Galveston, Texas, reported third quarter 2003 net income of $43,960,000 ($1.66 per share) compared to $31,436,000 ($1.19 per share) for the same period in 2002, an increase of 39 percent. After tax net gain …
Fitch Ratings announced that it has placed Harleysville Group Inc.’s (HGIC) ‘BBB+’ senior debt rating on Rating Watch Negative. “This action follows a $55 million pretax charge in the third quarter by HGIC to strengthen prior year loss reserves for …
