Swiss Re announced record 2006 earnings of CHF 4.6 billion ($3.76 billion), a 98 percent increase over 2005. Earnings per share were CHF 13.49 ($11.02), a 16.3 percent return on equity. Shareholders’ equity rose by 27 percent to CHF 30.9 …
Speaking on behalf of the National Association of Insurance Commissioners (NAIC), Michael McRaith, director of the Illinois Division of Insurance, testified this week before the Senate Committee on Banking, Housing, and Urban Affairs on the need for a federal government/private …
The Roman Catholic Diocese of San Diego filed for Chapter 11 bankruptcy protection hours before it was scheduled to go to trial in the first of more than 140 lawsuits accusing priests of sexual abuse. The filing automatically halted court …
State Farm Mutual Automobile Insurance Co. announced that auto insurance policyholders in California will receive a dividend 15 percent of their semi-annual premium. The total amount to be distributed is estimated to total $195 million, or about $63 per vehicle, …
Northridge, Calif.-based M.H. Ross Co. announced that as of March 1, 2007, its travel industry insurance coverages will be underwritten by Old Republic Insurance Co., a subsidiary of Old Republic International Corp. Established in 1923, Old Republic is rated “A+” …
SeibertKeck, a northeast Ohio independent insurance agency has announced its recent merger with Best Hoovler McTeague Insurance Services (BHM), an independent property and casualty insurance agency headquartered in Columbus, Ohio. The merger is effective March 1, 2007 BHM’s Columbus offices …
California Insurance Commissioner Steve Poizner has named his 14-member executive team at the Department of Insurance. Earlier in February, Poizner was criticized for naming insurance industry representative, Bill Gausewitz, as his special counsel, a top legal position in his office. …
Brown & Brown, Inc. and Alcos, Inc., headquartered in Sterling Heights, Mich., today announced the completion of the previously announced acquisition by Brown & Brown, Inc. of Alcos, Inc. Alcos, with annualized revenues of approximately $18.0 million is an insurance …
Oklahoma Insurance Commissioner Kim Holland announced the promotion of Chris Van Ess to chief examiner and director of the Financial Division. Van Ess is a five-year veteran of the Oklahoma Insurance Department, serving most recently as deputy chief examiner. Van …
