Ohio Casualty, a Liberty Mutual Agency Markets regional company, has opened a new branch office in suburban Richmond to provide commercial lines and inland marine underwriting services for agents in central and southern Virginia. The company said Janet Buchanan will …
Boston-based Safety Insurance Group, Inc. reported that net income for the quarter ended March 31, 2008 was $19.0 million compared to $24.6 million last year. Direct written premiums for the quarter decreased by $13.2 million, or 7.3%, to $168.3 million …
Marsh reported financial results for the first quarter ended March 31, 2008 that showed insurance revenues up 7 percent and new insurance business up 10 percent. But overall Marsh & McLennan Companies, Inc. (MMC) posted a first quarter loss of …
The nation’s largest firefighters union is criticizing Charleston, S.C. Mayor Joe Riley’s decision to delay a report on how nine firefighters died in a fire last June. The report by a city-appointed panel was expected this week and was expected …
Standard & Poor’s Ratings Services has affirmed its ‘AAA’ counterparty credit, ‘A-1+’ commercial paper, and ‘AAA’ senior unsecured debt ratings on Berkshire Hathaway Inc. (BRK). The outlook remains stable. S&P noted that although Berkshire’s net income declined to $940 million …
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the U.S. Senate Tuesday, with aides saying they expected final action on the legislation before the end of the week. The Senate agreed by …
Environmental health advocates say Maine’s new law to ban lead in toys makes the state a national leader. As of July 2009, the law will ban the sale of children’s products in Maine that contain lead, including toys, child-care articles, …
Workers’ compensation insurance firm CRM Holdings, Ltd. reported that net income increased 71.7% to $5.0 million, from $2.9 million a year ago, but fee income plummeted due in part to the closing of CRM’s self-insurance groups in New York. Total …
The Bermuda-based Argo Group International Holdings Ltd. announced that Jay S. Bullock will join the Group as chief financial officer, effective May 13. He will be based in Bermuda and will report directly to Argo Group President and CEO Mark …
Bermuda-based Flagstone Reinsurance Holdings Limited managed to hold its net income for the first quarter of 2008 at almost the same level as last year, posting $32.86 million, compared to $35.6 million in Q1 2007. 2008 basic book value per …
