American International Group’s reported fourth quarter earnings exceeded Wall Street expectations and its 2004 profits set a record for the year. The giant insurer said net income for fourth quarter totaled $3.02 billion, or $1.15 a share. That was up …
Assurant Solutions, an Atlanta-based provider of specialty insurance, extended service contracts and other risk management solutions, announced that a Tennessee state court jury has awarded its companies damages in a contract dispute with Progeny Marketing Innovations, a wholly-owned subsidiary of …
New Hampshire law makes skiers assume responsibility for much of the risk of the sport, and ski areas say the same should be true of snowboarders and snow-tubers. The sponsor of a bill to do just that says the 1978 …
Discussion of an 8 percent tax on residential and business insurance premiums was postponed by Kenton County, Ky. Fiscal Court Judge-executive Ralph Drees due to questions about how the tax would affect cities within the county that already have an …
Delaware officials unveiled their proposal for a statewide purchasing pool they believe could make health insurance more affordable for individuals and small businesses. Though short on details, draft legislation unveiled by Insurance Commissioner Matt Denn calls for a public-private partnership …
Bermuda-based AXIS Capital Holdings Ltd. has reported net income for the year ended Dec. 31, 2004 of $495.0 million, or $2.98 per diluted share, compared to $532.3 million, or $3.42 per diluted share, for the year ended Dec. 31, 2003. …
The Board of Directors of Foster City, Calif.-based National Automobile Club (NAC) has announced the appointment of William P. Sousa Jr. to the office of president and CEO. In his new position, Sousa will be responsible for the development, growth …
Connecticut Attorney General Richard Blumenthal has proposed the statewide election of the state’s insurance commissioner and mandatory rules of disclosure for insurance brokers and agents. Joined at a Capitol press conference by Senate President Pro Tem Donald E. Williams Jr., …
Independent agents and brokers are taking regulations mandating information privacy safeguards very seriously, if attendance at recent American Agents Alliance meetings is any indicator. The independent insurance producers’ association recently completed a year-long project to help their members comply with …
Connecticut Attorney General Richard Blumenthal’s (D) call on Tuesday for an elected insurance commissioner would politicize the regulation of one of the state’s most important economic sectors, according to the American Insurance Association (AIA). “There is no evidence that an …
