The rapid succession of Hurricanes Charley, Frances, Ivan and Jeanne has reportedly prompted Fireman’s Fund Insurance Co. to allow its homeowners policyholders to treat property damage from the four storms as one event for purposes of calculating the amount of …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim Services (PCS) unit. Hurricane Jeanne struck Puerto Rico on Sept. 15 …
Alabama-based Infinity Property and Casualty Corp., a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported that net earnings for the third quarter of 2004 were $23.0 million or $1.10 per share, on a fully diluted …
Ohio-based State Auto Financial Corp. reported third quarter net income of $5.0 million, or $0.12 per diluted share, versus $15.6 million or $0.38 per diluted share for the same period in 2003. Net operating earnings(a) per share were $0.12 diluted, …
Arthur J. Gallagher & Co. (NYSE:AJG) announced the acquisition of I. Arthur Yanoff & Co., Ltd., headquartered in Valley Stream, New York. Terms of the transaction were not disclosed. Incorporated in 1966, I. Arthur Yanoff & Co., Ltd. is a …
Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter of last year. Total …
American International Group, Inc. announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a new equipment finance and leasing company headquartered in Plano, Texas. “AIG CEF, a member company of American International Group, Inc., will provide …
Baldwin & Lyons, Inc. announced that its Indiana-based Sagamore Insurance Company subsidiary will no longer market and underwrite workers’ compensation coverage for small businesses. “This product line, the Company’s smallest with approximately $9.6 million of premium in force, has performed …
In a brief announcement American International Group said it intends “to seek a prompt resolution of outstanding issues with the Securities and Exchange Commission [See IJ Website Oct. 5 for details] and the United States Department of Justice [See IJ …
A French administrative court under the jurisdiction of the national health service has ordered the owners of an abandoned asbestos mine in Corsica to pay compensation to 13 former miners and their families as a result of asbestos related diseases …
