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

ProMutual Program Targets Baby Delivery Emergencies

ProMutual Group, the Boston-based provider of medical malpractice insurance in the Northeast, has launched a new patient safety program aimed at reducing the incidence of shoulder dystocia. Shoulder dystocia is a birth condition in which a baby’s shoulder is blocked …

Chubb Reports ‘Strong’ Second Quarter

The Chubb Corporation of Warren, N.J. (NYSE: CB) reported that net income in the second quarter of 2004 was $356.1 million, a 41 percent increase over net income of $252.1 million in the secondquarter of 2003. Net income per share …

Selective Cites ‘Excellent’ Second Quarter

Selective Insurance Group, Inc. (Nasdaq: SIGI ) of Branchville, N.J.reported net income of $28.9 million, or $0.92 per diluted share, for the second quarter ended June 30, 2004, an increase of 46 percent, compared with $19.7 million, or $0.72 per …

Florida Sen. Nelson Unveils Measure to Reduce Hurricane Losses

U.S. Sen. Bill Nelson of Florida, who helped rebuild the state’s insurance market following Hurricane Andrew, has unveiled legislation aimed at reducing the loss of life and property caused by hurricanes, tornadoes and other severe storms. Florida’s former insurance commissioner …

Castle Replacement Cost Services Integrated into the RiskMeter Online

CDS Business Mapping LLC a provider in online property risk mapping and Castle Data Services, a provider of replacement cost data, have integrated Castle’s RapidCalc Replacement Cost Tool (www.castleis.com) into the RiskMeter Online (www.riskmeter.com). Reported benefits of this partnership include: …

Warrants Issued for Ga. Agent

Georgia Insurance Commissioner John Oxendine announced that warrants have been issued in Savannah, Ga., for an insurance agent charged with multiple counts of insurance fraud. Rosemary Middleton has been charged with eight counts of insurance fraud, one count of operating …

Fla.’s Bankers Makes Appointments

Florida-based Bankers Financial Corp. has named Brian Keefer executive vice president and chief operating officer for Bankers Financial Corp. and Bankers Insurance Group. Keefer will be replacing Douglas Pierce who is retiring at the end of the year. Keefer joined …

IHI Insurance Services, Cal State Fullerton Develop Claims Examiner Education Program

In an effort to curb an impending crisis, the University Extended Education department at Cal State Fullerton announced that it has started accepting registrations for the Fall 2004 semester for the State University system’s first Claims Examiner program for the …

RenaissanceRe Reports Q2 Operating Income of $143.1 Million; Gain from 2003 Numbers

Bermuda-based RenaissanceRe Holdings Ltd. reported net operating income available to common shareholders of $143.1 million for the second quarter of 2004, versus $130.5 million for the comparable period in 2003. Operating income excludes realized investment gains (losses) of ($26.9) million …

DM&A Celebrates Its 25th Anniversary

Los Angeles-based David Morse & Associates celebrates its 25th anniversary July 27. After its start in 1979 the company grew to become the largest independent adjusting firm in California, with 19 field offices in the state. From there DM&A continued …