Landscapers in New Jersey better check for golf balls before mowing. That’s because a Monmouth County man who got glass in his eye when a golf ball struck his window has received a $725,000 settlement. Defendants in the lawsuit made …
The Hanover Insurance Group, Inc. in Worcester, Mass. reported a net loss for the second quarter of 2008 of $10.2 million, compared to an income of $59.8 million in the second quarter of the prior year. Net income for the …
New Jersey’s Palisades Safety and Insurance Association has taken a step to expand beyond auto insurance by acquiring the National Atlantic Holdings Corp., including its subsidiary, The Proformance Insurance Co. Palisades is now the largest independent agency writer of automobile …
A number of Bermuda-based companies have released their second quarter earnings reports, as follows: RenaissanceRe Holdings Ltd. reported $159.9 million in second quarter operating income available to common shareholders compared to $194.7 million in the second quarter of 2007, an …
The Virginia State Corporation Commission is setting an October 28 hearing to consider adjustments in premiums charged for workers’ compensation insurance. The National Council on Compensation Insurance has requested the changes. The Florida-based ratemaking group represents insurance companies licensed to …
Homeowners Choice Inc., based in Clearwater, Florida, announced that it has completed an initial public offering of 1,666,668 units, each consisting of one common share and one warrant, at a price of $7.00 per unit. Two warrants may be exercised …
Bermuda-based PartnerRe Ltd. announced that it has amended its existing forward sale agreement. Under the terms of the amendment, half the contract will mature according to its original term on October 28, 2008, while the remaining half is extended by …
Lloyd’s announced the appointment of Eamonn Egan as its first Country Manager for Ireland. He was formerly Regional Development Manager at ACE European Group, and will be assuming his new position at Lloyd’s immediately. He will also assume the role …
China’s independent insurance agency and brokerage group CNinsure Inc. announced that “twelve of its affiliated insurance intermediary companies, including eight insurance agencies, one insurance brokerage and three insurance claims adjusters, were among China’s top 20 in their respective categories.” The …
XL Capital announced that the underwriters exercised their options to purchase an additional 18,750,000 ordinary shares and an additional 3,000,000 equity security units in connection with XL’s previously announced plans to sell 125,000,000 ordinary shares and 20,000,000 equity security units. …
