Dallas-based Republic Companies Group Inc. has reported revenues of $66.2 million and net income of $2.9 million for the quarter ended June 30, 2005. Shareholders’ equity increased to $159.7 million, and the statutory surplus of the company’s principal insurance subsidiary …
Principal Financial Group announced today that its board of directors has declared a cash dividend of $1.5916361 per share on its 5.563 percent Series A non-cumulative perpetual preferred stock and a cash dividend of $0.4662181 per share on its 6.518 …
A Connecticut-based company that contaminated California’s San Gabriel Valley groundwater with its metal cleaning and degreasing procedures has agreed to spend $27.8 million on environmental projects and penalties in a Superfund settlement reached with the U.S. Environmental Protection Agency, officials …
There were more than 22,000 vehicles stolen in South Carolina in 2004 according to the National Insurance Crime Bureau, which reports that theft rates rose for the sixth year in a row. NICB reports the Florence, S.C. metropolitan statistical area …
A 12-member Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market meets today in Tallahassee to discuss how to help Floridians obtain hurricane insurance, amid complaints that consumers don’t have a seat on the panel. The task force will …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Tunisia-based B.E.S.T. Reinsurance. The outlook on both ratings remains stable. “The ratings reflect BEST Re’s consistently …
The Hong Kong-based insurance unit of China’s Bank of Communications Co. has filed a formal application with the China Insurance Regulatory Commission (CIRC) to establish a Shanghai-based P/C insurance subsidiary. China Communications Insurance will operate with mainland partners. It would …
The Florida Association of Insurance Agents has announced it will study “another avenue” for covering hurricane wind damage in Florida and would like to establish its own “vehicle” to insure windstorm risk, according to a statement by Jeff Grady, president …
The National Hurricane Center in Miami predicts Tropical Depression 12 will build to near hurricane strength before it hits the South Florida coast late Thursday as Hurricane Katrina. Forecasters say Hurricane Katrina could reach sustained winds of 72 miles-an-hour Thursday …
D’Arelli Says “Here They Go Again” Rancho Cordova…The California Department of Insurance has invited leaders within the insurance industry to participate in “prenotice discussions” regarding the latest expansion of the Garamendi Agenda. Specifically, the CDI is contemplating amendments to the …
