Monthly Archives: <span>October 2010</span>

How Insurance Agents Help Keep the Scare In Halloween Events

Halloween is scary fun for kids—and for some insurance agents, too. These insurance professionals make sure their clients who manage haunted houses, corn mazes, pumpkin patches and other Halloween attractions are protected should any of their tricks or treats turn …

ACE Q3 Net Income of $675 Million, up 37%; Operating $688 Million

Aspen Q3 Net Down 36% at $92.8 Million; Conference Call Today

Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the third quarter of 2010 of $92.8 million and operating earnings of $0.79 per diluted ordinary share, compared to Q3 2009 net income after tax of $145.8 million, and …

IAG Reaffirms Fiscal Year 2011 Earnings Guidance

Insurance Australia Group Limited (IAG) Managing Director and CEO, Mike Wilkins has advised the Group’s shareholders that, after the completion of the first quarter of its fiscal year, IAG was on track to meet its full year guidance of an …

Global Regulators Call for Curbs on Credit Rating Agencies

Global regulators called on national authorities on Wednesday to curb the role of credit rating agencies in the financial system, challenging the value of an industry widely criticized in recent years. The Financial Stability Board (FSB) issued recommendations calling for …

Fish Processing Ship with 111 Aboard on Fire off UK

A fish processing ship with 111 people aboard was ablaze Wednesday in the Atlantic Ocean off England’s southwestern tip, British coast guards said. The Maritime and Coast Guard Agency said 81 people had taken to lifeboats and 30 remained aboard …

UK Insurance Broker Jailed over Costa Rican Corruption

A London-based insurance broker has been jailed after admitting making or authorizing corrupt payments worth almost $2 million to officials in the Costa Rican state insurance company and national electricity and telecommunications provider. Britain’s Serious Fraud Office said Tuesday that …

Insurers Boost Calif. Economy By $30.1 Billion

California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. In 2007, insurers contributed $30.1 billion to California’s …

Arizona Council of NAIW Elects New Officers

The Arizona Council of the National Association of Insurance Women has elected Betty Watson of Passey-Bond Co. in Mesa as Arizona Council Director. Other new officers are: Membership Chair Jessica John of Colorado Casualty Co. in Phoenix; Public Relations Chair …

The Buckner Co. Named One of Utah’s Fastest Growing Companies

The Buckner Co. has been honored for the second yar in the row by the Mountain West Capital Network’s Utah 100 Event. MWCN has organized the Utah 100 event for 16 years as a way to recognize the industry-leaders and …