Monthly Archives: <span>August 2008</span>

Former Insurance Agent Redman Starts Atlanta Falcons Preseason Opener

Chris Redman has edged rookie Matt Ryan and started at quarterback in the Atlanta Falcons’ preseason opener Aug. 9 at Jacksonville, Fla. Redman was out of the NFL for a while and spent time getting an idea of life in …

Houston Enclave Bans Hands-Free Cell Phone Use Near School

The Houston enclave of West University Place has banned cell phone use for all drivers, the most stringent law of its kind in the nation. The ban, which applies within a three-block radius of the city’s elementary school during school …

Survey: New Orleans Residents Optimistic in Spite of Troubles

New Orleans residents are surprisingly optimistic three years after Hurricane Katrina, considering that most see little or no progress in key areas and feel the rest of the country has forgotten their lingering troubles, says the head of the foundation …

No License, No Insurance for Bus in Texas Crash That Killed 17

The operator of the tour bus that wrecked in an accident that killed 17 members of a Houston church Aug. 8 was not legally licensed and had no insurance. In addition to the fatalities, 40 people were injured when the …

Eastern Insurance Acquires Kittredge Insurance Agency

Natick, Massachusetts-based Eastern Insurance Group has acquired Northborough, Mass.-based Kittredge Insurance Agency Inc. Eastern Insurance, part of Eastern Bank, said the acquisition increases its customer base west of Boston, where it already has eight locations. In all, Eastern Insurance has …

Former North Dakota Workers’ Comp Director Hearing Set

North Dakota’s former workers’ compensation director is to be arraigned later this month on charges that he misspent more than $18,000 in agency funds. Sandy Blunt is accused of two felonies. He is charged with distributing unauthorized bonuses to top …

Greenlight Re Q2 Net $33.5 Million; Share Repurchase Plan Announced

Cayman Islands-based Greenlight Capital Re, Ltd. reported net income for the second quarter of 2008 of $33.5 million, compared to a net income of $21.3 million for the same period in 2007. On a fully diluted basis, net income per …

Kingsway’s Q2 Net Income Rebounds from Q1 Loss to $6.3 Million

Kingsway Financial Services Inc. announced financial results (in U.S. dollars) for the second quarter ended June 30, 2008 that rebounded from a first quarter loss. The Company reported net income of $6.3 million or $0.11 diluted per share for the …

CastlePoint Q2 Earnings Stable at $10.3 Million

Bermuda-based CastlePoint Holdings, Ltd. reported net income of $10.3 million and basic and diluted earnings per share of $0.27 for the second quarter of 2008. Operating earnings for the second quarter of 2008 were $13.2 million and $0.35 per share. …

Argo Group Bucks the Trend as Q2, H1 Net Income Increases

The Bermuda-based Argo International Holdings, Ltd. (The successor to Argonaut Insurance) announced comparatively good financial results for the three and six months ended June 30, 2008. Net income for the second quarter rose to $23 million from $21 million in …