Los Angeles-based Mercury General Corp. has reported net income of $46.2 million or $0.84 per share-diluted in the fourth quarter of 2005 compared with $74.1 million or $1.36 per share-diluted for the same period in 2004. For the year, net …
Bermuda-based reinsurer Max Re Capital Ltd. reported a net loss for the three months ended December 31, 2005 of $11.4 million, or 20 cents per diluted share, compared to net income of $87.1 million, or $1.82 per diluted share, for …
Swiss Re announced that it has reached an agreement to sell its wholly-owned subsidiary, investment bank Fox-Pitt, Kelton (FPK), to a new company formed by J.C. Flowers & Co. LLC as well as FPK management. Swiss Re said it would …
“Lessons Learned and How to Prepare for the Next Hurricane Season” will be the topic of the Feb. 22 All Industries Day sponsored by the Independent Insurance Agents of Dade County in Miami-Dade County, Fla. According to an association spokesperson, …
Bill Anderson has been promoted to senior vice president of insurance operations and Sharon Petrell, assistant vice president of marketing and integrated solutions of the Main Street America Group in Jacksonville, Fla. Anderson, who has been vice president of marketing …
Services and a funeral were held Sunday in Birmingham, Ala. for Bill Worley, founder and former owner of the Anchor Insurance Agency in Hoover, Ala. Worley is the father of Lisa Worley, a former Alabama Independent Insurance Agents board member …
A jury in Mineola, N.Y. took two hours to reject a widow’s claim that her husband’s death resulted from an injury he suffered while ducking a piece of flying shrimp at a Japanese steakhouse. The family of Jerry Colaitis of …
Former lead pigment manufacturers knew their product caused brain damage and killed children but continued to sell it anyway, a lawyer said last Friday as the closing arguments concluded in the state’s lawsuit against the lead paint industry. Jack McConnell, …
Oklahoma’s current insurance commissioner has revoked the insurance agent license of her predecessor, the Associated Press reported. Insurance Commissioner Kim Holland rescinded Carroll Fisher’s inactive license because of Fisher’s felony conviction. “It’s symbolic,” the insurance department’s general counsel, Michael Ridgeway, …
Del Mar College Small Business Development Center in Corpus Christi, Texas, will sponsor a one-day educational seminar on Workers’ Compensation 101 and Return To Work presented by the Texas Department of Insurance Division of Workers’ Compensation from 8 a.m. to …
