Atlanta-based Ebix Inc., an international provider of software services and IT solutions to the insurance industry, reported financial results for the third quarter and nine months ended Sept. 30. Ebix’s total revenue for the quarter rose four percent to $5.9 …
Nebraska state employees will pay 22.1 percent more for health insurance next year, after union representatives and administrators failed to reach a compromise. The rising premiums will cost taxpayers about $21.4 million over the next year because the state, as …
A Minnesota jury’s award of more than $720,000 in a loss-of-relationship settlement is under fire by the insurance company involved, according to Associated Press. A jury awarded the Hibbing, Minn. Rafinski family more than $720,000 for losing its relationship with …
Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents told Insurance Journal they had not encountered the onslaught of claims they expected, but since a large percentage of the hurricane-stricken area was without electricity, …
India was struck by two tragedies over the weekend. On a busy Saturday morning three bombs exploded at different locations in the Indian capital Delhi, killing at least 60 people and causing widespread destruction. Earlier on Saturday a train derailed …
Transatlantic Holdings, Inc. (TRH) joined the roster of third quarter hurricane victims, posting a $144.2 net loss for the period, or $2.19 per common share (diluted), compared to a net loss of $21.8 million, or 33 cents per common share …
Bermuda-based Aspen Insurance Holdings Limited didn’t escape the Q3 carnage either. It reported a net loss of $362 million for the period, or $5.22 per diluted share, and a $208.1 million net loss, or $3.00 per diluted share, for the …
Hurricane Beta came ashore Saturday on Nicaragua’s Eastern coast about 60 miles (100 kms) south of Puerto Cabezas with winds up to 110 mph (175 km hr). The storm tore the roofs off many buildings, uprooted trees and dumped up …
Bermuda-based Max Re Capital Ltd. Came off better than many of its peers in the third quarter. It still posted a net loss of $41 million, or 89 cents per diluted share, compared to a net loss of $9 million, …
New York Attorney General Eliot Spitzer, who is running for Governor in his home state, has painted his critics as defenders of corrupt practices and not true champions of free enterprise. He also has sought to refute the idea that …
