This March, the CPCU Society will celebrate Ethics Awareness Month to emphasize the organization’s dedication to ethical behavior by encouraging its 153 chapters to host ethics-related activities. Participating chapters choose a number of activities to celebrate, including conducting group discussions …
Pennsylvania-based Donegal Group Inc.reported that net income for year ended December 31, 2004 reached an historic high for the company. Net income for the year ended December 31, 2004 was $31,614,269, compared to $18,293,976, for the year ended December 31, …
The Texas Department of Insurance issued a fraud alert pertaining to two San Antonio insurance agencies, The Insurance Center and The Insurance Connection, operating at the following locations: 539 South General McMullen, 924 S. Zarzamora, and 710 Bynum St. These …
The Northeastern Oklahoma Chapter of CPCU announced it will hold I-Day 2005 on Mar. 2, 2005, in Tulsa. The event runs from 8:30 a.m. to 12:30 p.m. and includes continuous education credit courses for agency and claims. Breakfast starts at …
William J. Hall, production underwriter for Middlesex Mutual Assurance Co., has been named this year’s recipient of the Professional Insurance Agents of Connecticut Inc.’s Company Professional of the Year award. The formal presentation will take place March 15 at PIACT’s …
The Promina Group, Australia and New Zealand’s second largest general insurer, posted a 53.7 percent increase in net profits for 2004 to A$458 million (U.S. $360 million), despite a decision to increase its reserves for asbestos claims by A$60 million …
Standard & Poor’s Ratings Services announced that it has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Denmark’s non-life insurer Codan Forsikrings A/S (Codan Forsikrings) with a stable outlook. “The ratings on Codan Forsikrings reflect its …
French insurer AGF, which is majority owned by Germany’s Allianz, posted a 45 percent increase in net profits for the year 2004 to $1.1 billion euros ($1.44 billion), compared to 763 million euros ($997 million) in 2003, well ahead of …
The Michigan Legislature’s Joint Committee on Administrative Rules last week voted to object to the Granholm administration’s proposed rule that would ban credit-based insurance scoring and roll back base rates. The move was all but symbolic, however, as the legislature …
Chicago-based commercial insurer CNA Financial Corp. reported net income for the fourth quarter of 2004 of $305 million as compared to $174 million for the same period in 2003. Income before net realized investment gains/losses for the fourth quarter of …
