Los Angeles-based Mercury General Corp. has reported net income in the first quarter of 2010 of $61.2 Million, $35.5 million less than the $96.7 million net income reported for the same quarter in 2009. Operating income for the first quarter …
Foremost Foremost Insurance Group has launched its DistinctChoice Auto program in Connecticut. The auto program features increased limits, deductible options and coverages. The program also offers broad eligibility and discounts, including multi-policy discount and a five-year accident/violation free discount. PURE …
Cincinnati, Ohio-based American Empire Surplus Lines Insurance Co. (AESLIC) has named Frederick J. Woebse president and chief operating officer. He succeeds Robert Nelson, who was named chairman and chief executive officer, until the time of Nelson’s retirement in July 2010. …
California geology officials have released an updated state seismic activity map that they hope will improve earthquake preparedness and construction decisions.The map, which had not been updated since 1994, includes more than 50 surface fault lines discovered over the past …
The insurance industry is not as quick to adapt to change as other industries,” but independent insurance agents need to acknowledge that having “a Web presence is non-negotiable,” said Michael LaRocco, president and CEO of Fireman’s Fund Insurance Companies. A …
40% The percentage of producers licensed in South Carolina who could lose their licenses if they missed the May 1 deadline for license renewal and completion of continuing education requirements. 38% How much higher the payment per claim for prescription …
A massive oil slick from a blown-out well in the Gulf of Mexico is expected to reach a wildlife reserve at the mouth of the Mississippi River Thursday as it threatens the environmentally delicate coastline of Louisiana and three other …
The California Department of Insurance announced it has uncovered substantial errors in Anthem Blue Cross’ January rate filing, causing the company to withdraw the filing. In January, the company filed for a rate increase of up to 39 percent for …
Fairfax Financial Holdings Ltd. announced that Zenith’s shareholders voted (by 98.9 percent of the votes cast) in favor of Fairfax’s acquisition of Zenith for $38 cash per share. The merger remains subject to approval by the California Department of Insurance …
The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by the group. According to OSIP spokeswoman Erika Monterroza, the group, which has had as …
