Chicago-based commercial lines insurer CNA Financial Corp. announced that Paul J. Liska joined its board of directors effective Feb. 11. Liska will serve as chairman of its audit committee and as a member of its finance and executive Committees. Liska …
Cincinnati-based insurer Midland Co. reported fourth-quarter net income of $10 million, or 56 cents per share, compared to $7.7 million, or 43 cents per share, in the fourth quarter of 2002. Revenue for the quarter increased 8.3 percent to $186 …
Minneapolis-based workers’ compensation program manager RTW Inc. reported fourth-quarter net income of $2.7 million, or 52 cents per basic and 49 cents per diluted share. For the year, the company reported net income of $7 million, or $1.37 per basic …
Cincinnati-based insurer American Financial Group Inc. (AFG) reported net earnings for the 2003 fourth quarter of $196.6 million, or $2.68 per share. These results included a tax benefit of $136 million, or $1.90 per share, resulting from AFG’s previously announced …
A third agent has pleaded guilty to racketeering and conspiracy to commit racketeering for his reported role in a scheme to slide undisclosed coverages and hidden costs to hundreds of Florida auto insurance customers. Aquileo Hernandez, 42, entered the plea …
The Independent Insurance Agents of El Paso announced that William P. Manney, of Myron F. Steves & Company, was honored as the association’s 2003 James F. Elliott Award Recipient. Manney was selected by the IIA El Paso Board of Directors …
The Central Texas Chapter Chartered Property Casualty Underwriters (CPCU) group will hold its February luncheon on Feb. 24. Tyrone Bennet of Chubb will be the guest speaker. Bennet will present “Chubb’s approach to private company specialty lines-an 8 part solution.” …
Connecticut’s Trumbull Services, L.L.C., a leading provider of business process outsourcing (BPO) and technology services to the P/C industry, announced that they have hired Stephen A. Francis as Senior Vice President and Chief Operating Officer. “This new role strengthens Trumbull’s …
New Jersey has awarded the Minneapolis-based National Arbitration Forum (NAF) a three-year contract, beginning April 16, 2004, to administer arbitrations for No-Fault Insurance Personal Injury Protection (PIP) disputes under the state’s Automobile Insurance Cost Reduction Act of 1998. The NAF …
The American Insurance Association opposes a Rhode Island bill (H 7705) that would ban the use of credit-based insurance scores, indicating that it would damage the state’s insurance marketplace. “Credit-based insurance scores are a strong predictor of risk and allow …
