A $565 million hurricane preparedness budget which includes funding for response and recovery recommendations has been recommended by Gov. Jeb Bush and Lt. Governor Toni Jennings. According to Gov. Bush, the recommendations include new efforts to significantly enhance Florida’s ability …
The Professional Insurance Agents of Florida has issued a member alert about Southern Family Insurance, a subsidiary of Poe Financial Group and its subsidiaries, Atlantic Preferred and Florida Preferred. “It’s hard to imagine good news when we’re reporting that an …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ long-term junior subordinated debt rating to the proposed perpetual, subordinated, fixed-rate, step-up euro-denominated notes to be issued by conduit structure ELM B.V. and secured over the perpetual subordinated …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of the reinsurance operating subsidiaries of the Bermuda-based Everest Re Group Limited. Best also affirmed the ICRs …
Bermuda-based Montpelier Re Holdings Ltd. reported “comprehensive income” for the first quarter ended March 31, 2006 of $48.5 million, or $0.54 per share, compared with $36.0 million, or $0.54 per share, for the same quarter last year. Operating income, which …
The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2006 first quarter was $129.6 million, or $1.71 per share, compared to $115.9 million, or $1.57 per share in the same period of 2005, a …
Public employers can retain valuable staff, attract new talent and help employees fund retirement by encouraging a shift from a “benefits” mentality to a “partnership” mentality. That’s the message Joe Chang from Minnesota Life Group Insurance will share on May …
Cincinnati-based, The Midland Company, a provider of specialty insurance products and services, this week announced that its Board of Directors has extended its existing stock repurchase program until July 2008. The Board, in a written statement said that it has …
Massachusetts health officials trying to resolve a decades-old mystery about a cluster of cancer cases in Ashland have concluded that the illnesses are linked to a former textile dye-making plant with waste ponds that some children used as swimming holes. …
The Arizona House reversed itself and approved Senate-passed legislation to make it harder to win medical malpractice lawsuits over emergency health care. The House had previously watered down an earlier version of the legislation. But members voted 37-20 on Wednesday …
