The Auto Club Group (ACG) — holding company for the Auto Club Insurance Association (ACIA) and six AAA affiliates in the Midwest (including AAA Michigan) — is ranked second in the nation for collision repair satisfaction, according to J.D. Power …
As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers compensation premiums taxes and residual market assessments. The combined …
Brown & Brown Inc., with headquarters in Daytona Beach and Tampa, Fla. has announced record earnings for 2005, the 13th consecutive year for which the company has recorded new highs in both revenues and net income. Net income for 2005 …
Thirteen Halifax County, N.C. residents, suspected of masterminding a family auto insurance fraud ring that allegedly swindled insurance companies out of $56,000 in fraudulent motorcycle and auto claims has been apprehended by Sheriff’s Department and Department of Motor Vehicle License …
There is no reason to expect any change in hurricane patterns in the near future, the number of hurricanes have been increasing since 1995 and will continue to do so for the next decade or two, according to Max Mayfield, …
The World Insurance Forum, set for Feb. 21-23, is an industry hosted conference for world insurers, reinsurers, risk managers, regulators, financiers and brokers. It is a biennial event held in Bermuda and provides a platform for open and transparent discussion …
A.M. Best Co. has placed the financial strength rating of A- (Excellent) of North American Casualty Group (San Francisco) and its subsidiaries under review with positive implications. North American Casualty Group includes the pooled operations, California Insurance Company (San Francisco) …
Bermuda-based Montpelier Re Holdings Ltd. reported that G. Thompson Hutton has resigned as a director of the company with immediate effect, following his appointment as president and chief executive officer of White Mountains Re Group Ltd. Anthony Taylor, chairman and …
Toronto-based Fairfax Financial Holdings Limited had a net loss of $318.1 million in the fourth quarter of 2005 and $497.9 million for the 2005 year. The falls come after absorbing losses from Hurricanes Katrina, Rita and Wilma during the fourth …
Mercury Insurance is partnering with Oklahoma State Cowboys basketball to give fans the chance to win $10,000 at each Big 12 Conference home game played this season at historic Gallagher-Iba Arena. Dubbed the Mercury Insurance Three Point Thrills contest, one …
