Cincinnati-based specialty insurer Midland Co. declared a regular quarterly dividend of 5.125 cents per share, maintaining the annual dividend at 20.5 cents per share. The quarterly dividend is payable October 5, 2004 to share holders of record on September 21, …
Maryland’s highest court has ruled that the state can be held liable for negligence if a child dies after social service workers mishandle reports of child abuse or neglect. “It is great news. The Court of Appeals joins the majority …
Royal & Sun Alliance announced it is selling sell its UK life insurance business to Resolution Group for $1.5 billion in a cash and stock deal. UK-based Royal & Sun Alliance said it will focus on its core general insurance …
The Prime Insurance Syndicate Inc. (“Prime”) announced that it has earned a Financial Stability Rating of “A” (Exceptional) from Demotech Inc. This level of Financial Stability Rating indicates that Prime’s balance sheet reflects excellent liquidity, an acceptable level of financial …
Initial review of the aggregate statistics of the U.K. nonlife primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a report issued by A.M. Best. The market’s …
Bermuda-based Arch Capital Group Ltd. reports that net income for the 2004 second quarter was $104.3 million, or $1.42 per share, compared to $61.8 million, or $0.91 per share, for the 2003 second quarter, and $191.7 million, or $2.69 per …
Independent insurance distributors in seven western states now can get accurate Safeco Auto and Home quotes without leaving their EZLynx Web portal (www.ezlynx.com). In insurance industry parlance, this is “real-time” quoting – an elusive, but much-desired capability for independent distributors. …
Cheryl L. Koch, owner of Agency Management Resource Group of Lincoln, Calif., a provider of consulting and training services to independent agents and companies, announced that Mary M. Eisenhart has joined the firm as managing partner of the firm’s consulting …
The Property Casualty Insurers Association of America (PCI) announced that Benjamin J. McKay III, former chief of staff for U.S. Representative Katherine Harris (R-FL), will serve as the new director of federal affairs in its Washington D.C. office. Before working …
Trusted Choice television ads return to the national airwaves next month when the fourth of six advertising flights in 2004 kicks off Aug. 9, according to Trusted Choice Board Chairman Ronald Smith, president of Smith Sawyer Smith Insurance in Rochester, …
