Maurice “Hank” Greenberg, former chief executive officer of American International Group Inc., is battling back against charges he cooked AIG’s books, arguing that many of the accounting decisions for which he has come under fire were in fact made and …
Parents are failing to prepare adequately for their family holidays according to the latest research by Post Office[R] travel services. For one in 10 parents, organizing their travel insurance is considered no more important than cleaning the house when preparing …
Canada-based Kingsway Financial Services Inc. announced financial results for the second quarter and six months ended June 30, 2005 (Canadian dollars except where indicated). Q2 2005 Highlights: * Diluted earnings per share increased 10% to $0.65 (U$0.52) * Income before …
The American Insurance Association (AIA) has urged the U.S. and Indian governments to make market liberalization in India a major trade priority. “Considering India’s size and potential as one of the world’s largest insurance markets, we call on the U.S. …
An insurance agent who targeted victims between the ages of 72 and 86 and fed on their fears about aging has been arrested for defrauding at least nine South Florida senior citizens by offering them a quote for one level …
A new government report finds that if the insurance industry lost its current exemption from federal anti-trust laws, insurance companies would probably no longer be allowed to rely on rating organizations for projections of future costs to set their prices. …
Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported continued improved results for its second quarter and first half ended June 30, 2005. For the 2005 second quarter, SCPIE reported net income of $1.7 million, or $0.18 …
Warning that California’s health care system is in a “death spiral,” Insurance Commissioner John Garamendi unveiled a comprehensive report outlining his plan to begin reforming the system and bring universal access to health care. The report, “Priced Out,” details serious …
Cincinnati Financial Corp. said profit in the second-quarter rose nearly 2 percent, as lower catastrophe losses helped the company surpass analyst estimates. But catastrophe losses are typically worst during the third quarter, and the Fairfield, Ohio-based insurer expects $11 million …
Moody’s Investors Service upgraded the senior debt rating of RLI Corp. to Baa2 from Baa3 and the financial strength ratings of its insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company — to A2 from …
