Chicago-based brokerage giant Aon Corp. said its profit was up 20 percent in 2003, from $1.64 per share to $1.97 per share. Fourth-quarter net income per share was 67 cents, compared to 59 cents in 2002. Fourth-quarter net income from …
Insurers are applying the brakes to workers’ compensation rate increases in Missouri, according to the state’s insurance department. After almost one-third of such insurers filed rate changes in January, overall rates increased an average of only 0.7 percent — compared …
Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide efficiency initiative resulted in a layoff of 260 employees around …
The American Insurance Association announced that it supports the efforts of the Maine Legislature’s Business Research and Economic Development Committee to implement a statewide building code. “Uniform statewide building codes often lower costs and improve the quality of construction,” stated …
New York’s Superintendent of Insurance Gregory V. Serio announced that an Auburn businessman, Francis Rikhoff, who pled guilty to an attempted arson in order to collect insurance monies for TNY Car Toyz, a store he managed in Auburn, Cayuga County, …
The U.K.’s Chartered Insurance Institute (CII) announced the appointment of Bob Bullivant as the new managing director of the Society of Financial Advisers (SOFA) – the CII’s financial services arm – effective Feb. 23. He replaces Brian Lawless who has …
The Navigators Group, Inc. announced that it expects to record a net pre-tax charge of approximately $31.6 million for incurred losses related to asbestos exposures, after expected reinsurance recoveries million of approximately $46 million. The Company said it therefore “expects …
RenaissanceRe Holdings Ltd., Koch Financial Corporation, Partner Re Ltd. and MBIA Inc. have joined forces to create Channel Reinsurance Ltd., a new financial guarantee reinsurer based in Bermuda. The company immediately received financial strength ratings of “Aaa” from Moody’s Investors …
Allen Beggs, president and co founder of Valencia, Calif.-based QualCorp,Inc. announced that QBE the Americas (“QBE”) has licensed the FormsPlus Enterprise product. QBE will use the FormsPlus Enterprise solution, in conjunction with the AscendantOne® rating and policy-management solutions, to issue …
Insurance Skills Center has moved their Northern California office from Oakland to San Francisco effective immediately. The new address is: 505 Montgomery Street, 11th Floor San Francisco, Calif. 94111 Phone: (415) 874-3371 and (415) 874-3396
