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

Crawford Notes Q4 2003 Financial Numbers

Atlanta-based Crawford & Company announced its financial results for the fourth quarter ended Dec. 31, 2003. Fourth quarter 2003 revenues before reimbursements totaled $175.1 million compared with $173.7 million in the 2002 fourth quarter. Fourth quarter 2003 net income was …

Fiserv Reports Record Q4 Earnings

Brookfield, Wis.-based insurance software-market Fiserv Inc. announced record earnings for 2003. For the fourth quarter of 2003, Fiserv processing and services revenues were $749.5 million, a 30 percent increase over the $575.3 million for the fourth quarter of 2002. Net …

Hartville to Purchase P/C Insurer

North Canton, Ohio-based pet insurer Hartville Group Inc. announced today that it has signed a letter option agreement to purchase a property/casualty insurance company. This is an exclusive option for Hartville to commence and complete due diligence with respect to …

South Dakota Senate Approves File-and-Use Bill

The South Dakota Senate’s overwhelming approval of a bill to modernize the state’s property/casualty insurance rating system will lay the groundwork to attract new companies to the state. The Senate last week voted 33 to 2 in favor of S.B. …

Poe Financial Group Announces New President and CEO

Poe Financial Group announced the promotion of their Executive Vice President, James E. Wurdeman, to President and Chief Executive Officer. William F. Poe, Sr., the current CEO, will remain Chairman of the Florida-based property and casualty insurance company, which he …

BB&T Insurance Services Finalizes Acquisition of Ala. Firm

North Carolina-based BB&T Insurance Services has completed its acquisition of McGriff, Seibels & Williams Inc. of Birmingham, Ala., creating the sixth largest insurance broker in the nation. The transaction was valued at $300 million in stock (based on an average …

AMA: Arkansas in Liability Crisis

The American Medical Association applauded President Bush for his efforts in support of patients and physicians, and expressed hope that his recent visit to Arkansas will highlight how America’s broken liability system is severely jeopardizing patients’ access to care. Arkansas …

PIACT Convention in March

The Professional Insurance Agents of Connecticut Inc. officially announced that it will host its 2004 annual convention on Tuesday, March 16 and Wednesday, March 17, 2004 between 7:30 a.m. and 10 p.m. – 7:30 a.m. and 3 p.m. at Foxwoods …

Casualty Actuarial Society to Hold Ratemaking Seminar

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, Penna. “The seminar provides a forum …

PIANY Urges Participation for CE Credits in its “March Madness” Program

The Professional Insurance Agents of New York State Inc. announced that its premiere “March CE Madness” will take place March 23-24, 2004, at the Holiday Inn Turf, Albany. The program is designed for agents and brokers looking for four, eight, …