Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $153.8 million and $2.51 per diluted common share for the third quarter of 2009, compared to a net loss of $99.4 million and $1.79 per diluted common share in the third …
An attempt to reform the permanent disability rating schedule in California has produced a 6 percent reduction in attorney involvement and in the average amount paid on claims at 36 months. Those are two main findings from a new report …
M.J. Hall and Company of Alaska Inc.’s Suzy Baird has been re-elected as Associate Director of the Alaska Independent Insurance Agents & Brokers Inc.. Baird was also awarded the AAMGA award for outstanding service to an associate member. “It is …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Global Corporate & Specialty AG (AGCS AG). Best also affirmed the FSR of ‘A+’ (Superior) and …
Global insurance broker Aon Corp. has agreed to acquire Carpenter Moore Insurance Services, Inc., a provider of executive liability risk management services and a wholly-owned subsidiary of The NASDAQ OMX Group, Inc. Financial terms of the acquisition were not disclosed. …
Residents in the Santa Cruz mountains have been allowed to return to their homes after being evacuated Sunday in the face of a forest fire driven by high winds. The fire in the Summit area north of Santa Cruz burned …
Professional Program Insurance Brokerage of Novato, Calif., has a new program for Graphic Designers. This professional liability coverage is offered through an “A” rated carrier. Four levels of liability coverage are available and they include $100,000; $250,000, $500,000 or $1 …
Prosecutors in California are charging a suspected arsonist with the murder of five people who died of heart attacks during a wildfire _ a potential capital offense in a region held hostage by fires. Six men died of a heart …
The California State Compensation Insurance Fund’s chief executive has dropped plans for $250 bonuses to 7,900 employees after another agency threatened to sue. Jan Frank is stepping down Friday as president of the quasi-public State Compensation Insurance Fund. She promised …
In the year 2008, there was a 25 percent increase in suspected vehicle arson fraud in California, according to the state commissioner. Department of Insurance Commissioner Steve Poizner said that recently compiled statistics show that scam artists may be committing …
