The Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2010 first quarter was $210.5 million, or $3.79 per share, compared to $139.9 million, or $2.24 per share, for the 2009 first quarter. The …
The Colorado House of Representatives has passed a bill that may have the unintended consequence of driving insurers that provide contractors coverage out of state, according to the Professional Independent Insurance Agents of Colorado. House Bill 1394 attempts to address …
Agoura Hills, Calif.-based Pacific Compensation Insurance Co. (PacificComp), formerly Employers Direct Insurance Co., has relaunched its business with a new name and transformation from a direct writer of workers’ compensation insurance to an agency company. PacificComp will now partner exclusively …
W. Brown & Associates Property and Casualty of Irvine, Calif., has purchased the commercial lines business from Vulcan Excess and Surplus Insurance, effective May 1,2010. Vulcan President Brad Snow, along with Gina Snow and Linda Hinshaw, will join the W. …
IMA Inc., an independently owned retail insurance broker, announced that Susan Johnson has joined the Wichita, Kan., office as commercial lines claims manager. Her responsibilities at IMA include managing the commercial lines claims department and acting as a liaison between …
Chartis has launched Executive Edge, a policy developed by its Executive Liability Division to address the unprecedented risks facing directors and officers of public companies. Executive Edge provides coverage for public companies and the personal exposures of their executives. Executive …
Your client’s directors and officers liability policy is coming up for renewal. What can you expect from the market? Like the Dickens classic, this is a tale of two markets. The Best of Times For companies with little or manageable …
The California Senate Banking, Finance and Insurance Committee has passed a bill that, among other things, would impose a surcharge of 4.8 percent on commercial and residential fire and multiperil insurance policies to assist the state with the creation of …
Agriculture Secretary Tom Vilsack has named two new members to the Federal Crop Insurance Corporation board of directors. Ellen Linderman grows wheat, soybeans, corn, sunflowers, barley and millet on her farm near Carrington, N.D. She served as chairwoman for the …
A landmark sex-discrimination lawsuit against Wal-Mart Stores Inc. may proceed as a class-action case, a federal appeals court said, dealing the retailer a major blow and exposing it to billions of dollars of potential damages. More than 1 million women …
