The Hartford Financial Services Group Inc. reported a 37-percent increase in fourth quarter 2004 net income to $620 million, or $2.08 per diluted share, hitting an all-time quarterly record. Net income in the current period included net realized capital gains …
Seeking to stem the tide of lost jobs and lost hope in Oklahoma, Republican leaders announced their workers’ compensation reform plan at the State Capitol on Jan. 25. “I have watched many Oklahomans lose hope in recent years, as job …
The Independent Insurance Agents of Texas (IIAT) strongly denounced as inaccurate and misleading, the claims made against independent agents and brokers by the Consumer Federation of America (CFA), a Washington-based consumer advocacy group. The report makes unsupported and misleading statements …
The National Association of Insurance Commissioners (NAIC) is now featuring an online insurance fraud reporting system on the association’s Web site, http://www.naic.org/. The online fraud reporting system – which allows consumers to provide detailed information anonymously – is one part …
As part of its commitment to helping public school students in its hometown of Hartford obtain a higher education, The Hartford Financial Services Group Inc. has created a new scholarship for the pursuit of insurance studies at the School of …
United Healthcare Insurance Co. has been fined $5,000 by the Georgia Insurance Commission for withholding records requested by department examiners. The company could face additional penalties of up to $5,000 for each document subsequently withheld from the department. Insurance Commissioner …
A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) of Southern Farm Bureau Casualty Group (SFB) (Ridgeland, Miss.). The rating outlook has been revised to stable from negative. Concurrently, A.M. Best has assigned a financial strength rating …
Maryland Democratic legislative leaders have castigated Insurance Commissioner Alfred Redmer for his blanket approval of a 2 percent increase in HMO premiums, saying he is playing politics with the issue to advance the political agenda of the Ehrlich administration. “He’s …
Sexual abuse of a minor falls within an insurance coverage exclusion for injuries resulting from “actual or threatened abuse or molestation,” the Maine Supreme Judicial Court ruled recently in its first interpretation involving the question. Maine Bonding & Casualty Co. …
Allianz AG said it was taking “advantage of attractive capital market conditions to launch an innovative financing transaction. The German giant plans an “All-in-one” package, with the launch of three capital market transactions totaling approximately 4 billion euros ($5.24 billion). …
