Reno, Nev.-based Employers Holdings Inc. has reported third quarter 2010 net income of $10.1 million compared with $30.6 million in the third quarter of 2009, a decrease of $20.5 million or $0.42 per diluted share. Net income for the nine …
American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and goodwill charges …
They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few years they have become …
San Diego, CA, 11/04/10 – American Claims Management, Inc. (ACM) announced an expansion in its business relationship with Starr Indemnity & Liability Company (Starr Indemnity), a wholly owned subsidiary of Starr International Company USA, Inc. Effective October 1, 2010, ACM …
Worldwide Facilities Inc. announced that Xavier Sepulveda has joined its Irvine, Calif., office as broker on the property team. Sepulveda began his insurance career in 1998 at American International Group. Since then, he has worked at Sherwood, Crump E&S and …
Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …
Irvine, Calif.-based SullivanCurtisMonroe has added Mark Jewell as an account executive in its Pasadena Office. Jewell joins SCM from Sun Life Financial Group, where he was an executive consultant. Prior to his transition to the insurance industry, he spent 16 …
Los Angeles-based Mercury General Corp. reported net income of $96.8 million in the third quarter, compared with $157.7 million for the same period in 2009. For the nine months of 2010, net income was $175.8 million compared with $368.8 million …
In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who took the helm of the company in July 2010, readily expects challenges …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” and assigned an NR-5 (Not Formally Followed) to the FSRs and “nr” to the ICRs of Louisiana-based Audubon Insurance Company and …
