Seattle-based Safeco on Tuesday reported strong first-quarter results for 2005. The company produced net income for the first quarter of $212.0 million, or $1.65 per diluted share. This compares with net income of $236.2 million, or $1.69 per diluted share, …
Bermuda’s Everest Re Group reported good first quarter results. The company’s after-tax operating income (which excludes realized capital gains and losses) was $165.2 million, or $2.90 per diluted share, a 9 percent increase compared to $151.5 million, or $2.67 per …
The Independent Insurance Agents of North Carolina announced that North Carolina will host the National Trusted Choice Big I Junior Classic in 2008. This prestigious tournament will be hosted at the Country Club of North Carolina in Pinehurst. As junior …
More than 7,300 people in areas hit by hurricanes last year, all of whom received payments from the Federal Emergency Management Agency, are beginning to receive notices asking them to pay back money they should not have received. Residents are …
Misrepresenting collateral used to secure a loan, submitting a fraudulent insurance claim and receiving the insurance payments has netted Kyle C. Ferrell, a former Jackson, Miss. Police officer and Hinds County sheriff’s deputy 14 months in federal prison. Ferrell submitted …
April 18 was the deadline for insurers to finish processing and paying off 1.69 million hurricane damage claims across Florida, but they still have nine days to go before they have to tell the state how many claims remain open. …
The Property Casualty Insurers Association’s Joint Marketing and Underwriting Seminar, held April 17 in St. Petersburg, Fla., had a baseball motif, “Hitting a Grand Slam with Marketing and Underwriting Tools and Tips.” Monday’s general session featured a “Play-by-play Commentary: The …
Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” counterparty credit and financial strength ratings on Bermuda-based Renaissance Reinsurance Ltd. (RenRe), its ‘A’ counterparty credit rating on RenaissanceRe Holdings Ltd. (RNR), and its ‘A’ counterparty credit and …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Bermuda-based Through Transport Mutual Insurance Association Ltd. (TT Bermuda) and its wholly owned subsidiary the U.K.-based Through Transport Mutual Insurance Association (EurAsia) Ltd. …
Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced that Mark C. Cloutier has been appointed Chief Claims Officer of Quanta Capital Holdings and President of Quanta Technical Services, LLC (QTS). …
