Fourth quarter and 2004 annual earnings statements from leading California workers’ compensation insurance carriers are coming in, and profits are reportedly up by 25% to 36% over 2003 – and 2003 was already the most profitable year on record. Zenith …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and assigned an issuer credit rating of “a-” to China International Reinsurance Company Limited (CIRe) (Hong Kong). The outlook is positive. The rating reflects CIRe’s consistently strong operating …
Assurant Inc., a provider of specialized insurance and insurance-related products and services, reported its results for the fourth quarter and the year ended Dec. 31, 2004. J. Kerry Clayton, president and CEO, noted, “One year after our initial public offering, …
California-based Abacus Insurance Brokers announced the availability of an online Event Cancellation Program, exclusively for brokers, powered by the APM Platform. Brokers are able to quote and bind in real-time, accept payments online. Policy issuance is immediate. Event Cancellation can …
Fast food giant chain McDonald’s has agreed to donate $7 million to the American Heart Association to settle lawsuits over the type of fat it uses in its cooking. The burger and fries restaurant chain will also spend $1.5 million …
Minnesota-based RTW Inc., a provider of products and services to cost-effectively manage both insured and self-insured workers’ compensation programs, reported net income for the fourth quarter ended Dec. 31, 2004 of $7.0 million or $1.32 per basic and $1.25 per …
Meadowbrook Insurance Group’s net income for the fourth quarter of 2004 and for the entire year of 2004 was up. Net income for the entire year of 2004 was up to $14.1 million from net income of $10.1 million for …
The Texas Department of Insurance announced the release of its 2005 insurance price comparison guides, which are available on the agency’s Web site at www.tdi.state.tx.us. The new price comparisons update and replace the guides TDI has previously published for auto …
Seeking to put an end to accounts of neglect, abuse and mismanagement at many of Oklahoma’s nursing homes, State Rep. Lee Denney filed legislation that would revamp the board responsible for overseeing the administrators of those facilities. The House Media …
Genesis Underwriting Management Company, a subsidiary of Berkshire Hathaway’s General Re Corporation, announced that it has reorganized from a regional basis to a product line basis to better serve the needs of its customers. “These new divisions will bring the …
