Marshall & Swift / Boeckh (MS/B), a worldwide provider of residential and commercial cost data, technology and services for the property insurance industry, has announced the appointment of James Thornton as chief operating officer. Thornton is responsible for managing all …
The chief of the New Hampshire Highway Safety Agency says a bill to make seat belt use mandatory for adults is intrusive and unnecessary. Peter Thomson said during a hearing on the bill this week that about two-thirds of New …
A consultant hired by the Ehrlich administration estimates Gov. Robert Ehrlich’s new medical malpractice insurance bill would save doctors about six times as much money as the bill that was enacted over his veto by the Maryland legislature in January. …
France’s AXA Group reported strong earnings results for 2004. Underlying earnings rose 34 percent to 2.7 billion euros ($3.58 billion) and adjusted earnings were 2.9 billion euros ($3.85 billion). “2004 has been a very good year, with all businesses performing …
Australia’s QBE Insurance Group announced a record operating profit after tax of A$820 million (U.S. $645 million) for the year ended Dec. 31, 2004, up 43 percent on the profit of A$572 million (U.S.$450 million) last year. Pre tax profit …
A.M. Best Co. announced that it has downgraded the financial strength ratings of Royal & SunAlliance USA Insurance Pool (RSAUSA) and the Royal Surplus Lines Insurance Company (Connecticut) to “C++” (Marginal) from “B” (Fair). The surplus lines company is a …
The New York-based Navigators Group, Inc. reported net income of $10,635,000 or $0.84 per share for the 2004 fourth quarter compared to a net loss of $9,490,000 or $0.78 per share for the 2003 fourth quarter. Net income for the …
A.M. Best Co. announced that it has placed the financial strength and issuer credit ratings of “A-” (Excellent) and “a-“, respectively, of Bermuda-based Imagine Insurance Company Limited under review with negative implications. “These rating actions follow the announcement by The …
Fairfield, Ohio-based insurer Ohio Casualty Corp. announced fourth-quarter net income of $56.9 million, or 82 cents per diluted share, versus $27.7 million, or 42 cents per diluted share. The company reported statutory combined ratio of 95.0 percent, a 9.7 point …
A Hendricks County (Indiana) jury returned a verdict this week finding that Cinergy Corp. subsidiary PSI Energy Inc. was not entitled to any insurance recovery from its London Market Insurers for the costs incurred as a result of its pollution …
