Monthly Archives: <span>February 2004</span>

HCC Notes 2003 Results and 2004 Earnings Guidance

Houston-based HCC Insurance Holdings Inc. reported results for the fourth quarter and for the full year that ended Dec. 31, 2003. Net earnings for the fourth quarter 2003 increased significantly to $50.5 million, or $0.77 per share, compared to $31.5 …

Arthur J. Gallagher Purchases Austin-Based Brokerage

Arthur J. Gallagher & Co. announced the acquisition of The Romine Group Inc. headquartered in Austin, Texas. Terms of the transaction were not disclosed. Founded in 1988, The Romine Group, Inc. offers employee benefits brokerage and consulting services to both …

Ga. Commissioner Offers Residents Tips in Conjunction with Severe Weather Awareness Week

Severe Weather Awareness Week in Georgia is Feb. 22-28, and Insurance Commissioner John Oxendine wants to remind homeowners of some important insurance tips to protect their property from tornadoes, flooding and other weather-related hazards. While tornadoes can occur at any …

S&P Says WTC Trial Outcome Not a Rating Factor For Insurers

As the signature lawsuit from Sept. 11, 2001, makes its way through the federal court system, there is no foreseeable impact on insurer ratings, according to Standard & Poor’s Ratings Services. “Under the worse-case scenario for the insurers, a verdict …

Casualty Actuarial Society Ratemaking Seminar Set for March 11-12

The issues driving the medical malpractice crisis will be among the topics addressed at the annual Ratemaking Seminar of the Casualty Actuarial Society (CAS), March 11-12, at the Wyndham Franklin Plaza Hotel in Philadelphia. The seminar provides a forum for …

N.J. Department of Banking and Insurance Unveils 2003 Auto Company Performance Info for Residents

In an ongoing effort to reportedly give New Jersey residents the tools they need to choose the auto insurance policy that is right for them, the Department of Banking and Insurance recently released the first Auto Company Performance Report For …

CPIA Society Announces New Name and Logo

The Certified Professional Insurance Agents (CPIA) Society, a national organization dedicated to providing sales training, networking and marketing innovation to insurance professionals, unveiled both a new name – American Insurance Marketing and Sales (AIMS) Society – and logo. The organization …

Professional Claims Services to Handle Claims for New Calif. Workers’ Comp Program

Poway, Calif.-based claims administrator Professional Claims Services Inc. will be handling all claims for a new workers’ compensation program being sold in California by Cascade National Insurance Company of Seattle, Washington. As part of the coordinated effort to provide superior …

CenCal Expands Commercial and Specialty Products Division with New Commercial Products

Danville, Calif.-based CenCal Insurance Services announced further expansion of its Commercial and Specialty Products Division by introducing a new commercial products approach that provides real opportunity for writing hundreds of classifications of California commercial operations in the small and middle …

Aon/Albert G. Ruben Releases Global Risks in Filmmaking Map

Aon/Albert G. Ruben, an insurance broker for the entertainment industry, released its Global Risks in Filmmaking map that measures major risks, including crime, organized crime and corruption, kidnap and ransom, disease risk and medical care, and assigns an overall risk-level …