March 7, 2005
Anderson Murison Inc. announced it has redesigned its Web site with additional functionality and made it easier for insurance producers to use. New features and design improvements include changing the sign-in identification from producer code to e-mail address. An improved …
March 7, 2005
ISU SF has announced the addition of Dan Garfin to its growing employee benefits, retirement and estate planning department. He will coordinate cross-selling of employee benefits products at ISUSF and he will lead the development of ISU Employee Benefit Services, …
March 6, 2005
East Lansing, Mich.-based medical liability insurer American Physicians Capital Ltd. posted a profit of $6.5 million, or 73 cents per diluted common share, in the fourth quarter of 2004, the company reported in a statement. That compared to net income …
March 6, 2005
Des Moines, Iowa-based property/casualty carrier EMC Insurance Group posted a fourth-quarter loss of $489,000, or 4 cents a share, thanks to a $15.4 million hit on adverse developments on prior years’ reserves. The fourth-quarter loss compared to a $6 million …
March 4, 2005
Canada-based Fairfax Financial Holdings Ltd. announced that its 2004 Annual Report includes a report by management concluding that the company’s internal control over financial reporting was effective as of Dec. 31, 2004, and an opinion by Fairfax’s independent auditors to …
March 4, 2005
A.M. Best Co. has assigned a financial strength rating of B+ (Very Good) to Century Insurance Co. Ltd. (CIC) (Northern Mariana Islands). The rating outlook is stable. The rating reflects CIC’s well established market presence in Saipan, continuous profitable operation …
March 4, 2005
Bermuda-based Endurance Specialty Holdings Ltd. announced that it has repurchased 350,000 of its ordinary shares owned by Metro Center Investments Pte Ltd., an initial investor at the formation of the company. The purchase price was $34.6775 per share, representing a …
March 4, 2005
The Oklahoma House of Representatives on Thursday passed comprehensive workers’ compensation reforms which will result in economic development opportunities for the state, according to the American Insurance Association (AIA). “This legislation is a major step towards meaningful reform and a …
March 4, 2005
New Jersey Attorney General Peter Harvey has issued the 2004 Annual Report for the New Jersey Office of the Insurance Fraud Prosecutor (OIFP). The Report details investigations, prosecutions, and other activities undertaken by the Insurance Fraud Prosecutor during 2004. “At …
March 4, 2005
Texas-based Home State Insurance Group Inc. announced the promotion of two executives. Michael G. Toole has assumed the position of chief underwriting officer. Since 1991 Toole has served the company as executive vice president and has been responsible for the …