Monthly Archives: <span>May 2006</span>

BrickStreet Hosting Workers’ Comp Training Sessions

Training sessions on defensive driving, powered industrial trucks, a 30 hour Occupational Health and Safety Administration course and behavioral-based safety courses will be presented, beginning June 7, and throughout the summer by BrickStreet in South Charleston and Morgantown, W. Va. …

Hearings Slated June 5 on State Farm’s Florida Rates

The Florida Office of Insurance Regulation has scheduled rate hearings June 5 in Lake Buena Vista, Fla. for input from the public concerning rate filings by State Farm Florida Insurance Co., which requested statewide average increases of 61.5 percent and …

Best Comments on Quanta Ratings

As anticipated, A.M. Best Co. has issued a statement concerning its ratings on Bermuda-based Quanta Capital Holdings Ltd. and its subsidiaries, following the Company’s announcement that the major portion of its business would go into run-off (See IJ Website May …

Allianz Australia Joining Global Transport to Increase Sector Growth

Allianz Australia Insurance Group has taken an equity position in Global Transport & Automotive Insurance Solutions (GT), formerly Global Motor Underwriting, to “provide a market leading facility to service Australia’s transport, fleet and specialist equipment customers and, most importantly, the …

S&P Reports on Japan Non-Life Sector

Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard & Poor’s Ratings Services. “While devastating in the U.S., Hurricane …

S&P Affirms Taiwan’s Mingtai Fire & Marine ‘A’ Ratings

Standard & Poor’s Ratings Services has affirmed its “A” insurer financial strength and counterparty credit ratings on Taiwan’s Mingtai Fire & Marine Insurance Co. Ltd. with a stable outlook. “The ratings on Mingtai Insurance reflect the company’s good market position, …

Max Re Concludes Internal Investigation; SEC Filing within 15 Days; Q1 Results to be Released Today – Conference Call

Allied World – $98.1 Million Q1 Net

Bermuda’s Allied World Assurance Holdings, Ltd. reported net income of $98.1 million for the first quarter 2006, compared to net income of $64.4 million for the first quarter last year, a 35 percent gain. Operating income before taxes for the …

Turkish Authorities Assess Damages from Airport Fire

[AP] A huge fire that turned the giant cargo terminal of Istanbul’s main airport into a wreckage of twisted metal and charred walls may have caused tens of millions of dollars (euros) in damage, according to newspaper reports Thursday. Shooting …

Driver, Citing Harm from Publicity, Sues Families of Vt. Crash Victims

The driver in a fatal accident in Westmore two years ago has sued the families of the two victims of the crash. Charles Meyer and his mother Julie Jensen, who had a summer home in the area, said they have …