Bermuda-based XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended June 30, 2004, of $363.6 million, or $2.62 per ordinary share, compared with $347.7 million, or $2.51 per ordinary share, for the quarter ended June …
Heather Philbin was announced as the new executive director of Trusted Choice, according to Big “I” Executive Vice President Debra Perkins. Trusted Choice is the consumer marketing brand created by the Independent Insurance Agents & Brokers of America (the Big …
Kentucky Gov. Ernie Fletcher has signed an Executive Order declaring a State of Emergency for the Commonwealth of Kentucky. Beginning on July 13, and continuing for several days, widespread severe weather occurred across Kentucky producing heavy rainfall, strong winds and …
After four years of litigation, and on the eve of trial, four companies in the ACE insurance group have reportedly agreed to pay $14 million to settle a national class action brought by a company in Lancaster County, Pennsylvania to …
Gov. Phil Bredesen’s reform of Tennessee’s workers’ compensation insurance system is reportedly already paying off for Tennessee employers, who stand to save an estimated $69.4 million in premiums annually under a new order by Commerce and Insurance Commissioner Paula Flowers. …
Montpelier Re Holdings Ltd., a Bermuda-based provider of global property and casualty reinsurance and insurance products, announced it has agreed to extend Anthony Taylor’s service as the company’s chairman, president and chief executive officer. Under the agreement, Taylor will continue …
XL Capital Ltd. reported that its Board of Directors declared a quarterly dividend on July 28, 2004 of $0.49 per ordinary share payable on the Company’s Ordinary Shares. The Bermuda-based company said the dividend will be payable on Sept. 30 …
A Texas lawmaker says an insurance company recently awarded a state contract to manage health care services for about 95,000 low-income children may not be financially strong enough for the task, the Associated Press and the Houston Chronicle reported. State …
Louisiana State Police arrested a New Orleans man on felony counts of forgery and insurance fraud for allegedly making and selling fake automobile insurance cards for $70 each, according to the Associated Press and the New Orleans Times-Picayune. Henry Rhodies’ …
The Arizona Department of Insurance recently released a regulatory bulletin that summarizes major pieces of newly enacted legislation. Among the topics included in the Bulletin is workers’ compensation, auto insurance and producer license renewal. For the complete Bulletin in PDF, …
