State Farm Indemnity Company and the Department of Banking and Insurance have reached an agreement allowing for the insurer’s re-entry into the New Jersey auto insurance market. Effective Jan. 1, 2005, State farm will once again write new auto insurance …
New York-based Kaye Insurance Associates Inc. , a subsidiary of Hub International Limited (NYSE:HBG)(TSX:HBG), is being renamed Hub International Northeast Limited and will be doing business as HUB International Northeast (HUB Northeast). The name change is a result of Hub’s …
The number of medical malpractice payments made by Massachusetts doctors peaked in 2001 and has begun to gradually decline, while the average size of those payments continues to soar, according to a new government report. From 1994 to 2001 the …
Beecher Carlson Holdings Inc., of Atlanta has announced the appointment of Jeffrey Smith as a managing director. Smith will focus on large account sales and recruitment of talent. For 15 years, prior to joining Beecher Carlson, Smith held sales and …
The “Power of One” will be the focus of the Florida Association of Insurance Agents (FAIA) 101st Anniversary Convention and Education Symposium scheduled June 23 to 25 in Orlando at the Gaylord Palms Resort and Convention Center. The event will …
Alabama-based Vesta Insurance Group Inc. (NYSE:VTA) announced its third-quarter earnings indicate $53.8 million operating losses for the third quarter. The release of information about its earnings was delayed last week after what the company described as “an adverse jury decision.” …
bermuda-based Platinum Underwriters Holdings, Ltd. announced that it has received a subpoena from the Securities and Exchange Commission for documents relating to certain non-traditional, or loss mitigation, insurance products. The bulletin indicated the subpoena was issued as part of “an …
Bermuda’s PartnerRe Ltd. announced that it will provide details of the Company’s 2005 financial plan, which was recently approved by the Company’s Board of Directors, at a presentation during the Company’s Investor Day in New York City. PartnerRe President & …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of ACE Insurance Limited (ACENZ) (New Zealand) with a stable outlook. “The rating reflects ACENZ’s good operating performance, high liquidity and conservative investment strategy,” Best …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of ACE Insurance Limited (ACEAU) (Australia) with a stable outlook. “The rating reflects ACEAU’s strong profitability, improved underwriting performance and prudent capitalization,” Best said. “The …
