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

Brown & Brown: 20% Gain in Q1 Earnings Per Share

Florida-based Brown & Brown Inc. announced a new record for its earnings per share in the first quarter. Net income per share for the quarter ended March 31, 2004 was $0.53, an increase of 20.5 percent over the $0.44 in …

ACE Casualty Risk Offering New Casualty Premises Pollution Policy for Single Primary Policy

ACE Casualty Risk, a unit of ACE USA – the U.S.-based retail operating division of The ACE Group of Companies – has introduced a new Casualty Premises Pollution program designed to offer general liability and premises pollution coverage in a …

NALG Reacts to Unauthorized Spam E-mail

Bradley Wilson, president of Florida-based North American Liability Group announced that the company has once again become aware that unauthorized spam e-mail is being sent out about the company by an unknown third party or parties. The spam e-mail is …

RIMS Survey Says Workers’ Comp Affecting Calif. Businesses

The Risk and Insurance Management Society (RIMS) received 261 responses from corporate risk managers regarding the workers’ compensation system in California supporting a conclusion that California may be losing jobs as a result of the perception of its workers’ compensation …

Okla. Repairmen Hammered with Five Counts of Fraud

Oklahoma Attorney General Drew Edmondson said charges his office filed against a home repairman should serve as a warning to consumers to be on the lookout for home repair scams that often go along with Oklahoma’s unpredictable spring weather. “Every …

P/C Net Income Propels Surplus

The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003 — nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net income and $25.2 billion in …

BB&T Notes Q1 Income of $328.5 Million

North Carolina-based BB&T Corporation has reported net income for the first quarter of 2004 totaling $328.5 million, or $.60 per diluted share. Net income increased slightly compared with $327.7 million earned in the first quarter of 2003, while diluted earnings …

Digital Insurance Inks Five Agreements with Employee Benefits Brokers Nationwide

Digital Insurance Inc. ( www.digitalinsurance.com ) has signed agreements with five additional employee benefits brokers to enhance the level of day-to-day service and product sales for a portion of their small group benefits business. The new partners include Hylant Group …

W. Va. Workers’ Comp Commission Files Injunction Against Kanawha County Employer

West Virginia’s Workers’ Compensation Commission recently filed an injunction against a state employer whose account with the Commission is in default. The injunction was filed in Kanawha County Circuit Court against: Pappy’s Heating & Cooling Inc., a Kanawha County plumbing …

Austin Golf Tournament Set for May 12

The Austin Association of Insurance Professionals announced that the group’s 17th Annual Golf Tournament has been scheduled for May 12, 2004 at the Avery Ranch Golf Course, 10500 Avery Club Drive, Austin, Texas. The cost to participate in the tournament …