The National Association of Professional Insurance Agents (PIA National) will hold its annual Federal Legislative Summit on April 7, 2005 in Washington, D.C. The summit is a one-day legislative gathering of PIA members who spend the day meeting with their …
Bermuda-based XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended Dec. 31, 2004 of $288.0 million, or $2.07 per ordinary share, compared with a net loss of $314.8 million, or a loss of $2.29 per …
Willis Group Holdings Ltd. reported results for the quarter and year ended Dec. 31, 2004. “Despite a declining rate environment and extraordinary challenges facing the global insurance industry, we were able to continue growing in 2004 and expanded revenues on …
A.M. Best Co. has affirmed the financial strength ratings of A+ (Superior) of Los Angeles-based Mercury Casualty Group (Mercury) and its members. Concurrently, A.M. Best has affirmed the senior debt rating of “a-” of Mercury General Corporation’s existing debt securities …
Authorities arrested nine auto body shop owners and employees, charging them with various felony counts of insurance fraud following “Operation Scorpion,” a joint investigation by the California Department of Insurance Fraud Division (CDI) and the San Mateo County District Attorney’s …
Dallas-based MarketScout (www.marketscout.com) reported this week that January 2005 property and casualty rates increased by a composite rate of 1%. According to Richard Kerr, chairman and CEO of MarketScout, “The market is continuing its downward trend. The ultimate impact of …
InVEST, an education program that strengthens the insurance industry by attracting a large pool of qualified insurance recruits, has released a new speaker’s presentation packet to help insurance professionals and teachers interest students in pursuing careers in the industry. The …
A spokesman for the Property Casualty Insurers Association of America told a National Association of Insurance Commissioners panel today in Orlando that a proposal to apply new requirements based on the Sarbanes-Oxley law to non-public insurers could cost companies and …
A bill imposing restrictions on marketing of insurance to U.S. soldiers on military bases has been introduced by Rep. Geoff Davis (R-Kentucky). The Military Personnel Financial Services Protection Act would make it clear that state insurance regulators have jurisdiction over …
Hundreds of employees from The Main Street America Group donated more than 7,700 non-perishable food items, totaling nearly two tons, to several food pantries in five cities in conjunction with the Jacksonville-based company’s celebration of Super Bowl XXXIX. All food …
