State Farm Insurance confirmed it is moving to phase-out its Frederick, Md. claims and operations office as part of a reorganization that could eliminate from 400 to 500 jobs there and an equal number in field offices in the mid-Atlantic …
Donegal Group Inc. of Marietta, Pa. reported improved results including increased net income for the quarter ended June 30, 2004 of $6,770,187, or $.50 per share, compared to $5,268,953, or $.56 per share, for the second quarter of 2003. The …
Lawmakers or insurance regulators in 31 states have questioned the practice during the past 18 months, and at least 14 states and the District of Columbia have enacted provisions dealing with use of this information, according to a leading insurance …
Harleysville Insurance of Harleysville, Pa., recently announced new appointments in three field offices serving independent agents and policyholders in the Mid-Atlantic and Midwest regions. The appointments include: — Michael L. Happe, resident vice president of Harleysville Insurance Company, a subsidiary …
Bank holding companies (BHCs) earned a record $8.36 billion in insurance agency commissions and fee income in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report (BHC-FIR) published by Michael White Associates LLC (MWA). Compiled …
Delaware lawmakers recently agreed to join the rest of the nation by lowering the blood-alcohol threshold for drunken driving. Lawmakers voted to lower the blood-alcohol concentration considered prima facie evidence that a motorist is driving under the influence from .10 …
Odyssey Re Holdings Corp. announced that it has entered into a stock purchase agreement with Overseas Partners Ltd. to acquire all of the capital stock of Overseas Partners US Reinsurance Company (Opus Re), a Delaware domiciled P/C reinsurer, for $43 …
A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) of Odyssey Re Holdings Corp.’s (Odyssey Re) (New York, N.Y.) reinsurance and insurance subsidiaries, which comprise the Odyssey Reinsurance Group. These ratings apply to Odyssey America Reinsurance Corporation …
Nuts & Bolts: The Hartford Financial Service Group Inc. introduced a homeowners’ insurance program designed to meet the changing coverage needs of families over their lifetime. Highlights of The Hartford’s new homeowners plan are: broadened eligibility, including homeowners with no …
David Molchan David Molchan has been appointed regional advertising manager for Insurance Journal East. Molchan has extensive experience in business-to-business advertising sales and ad sales management at several trade magazine publishers. Most recently, Molchan served as the regional sales manager …
