Pennsylvania-based Donegal Group Inc. reported net income for the quarter ended March 31, 2004 of $11,732,306, or $.87 per share on a diluted basis, which includes an extraordinary gain of $5,445,670, or $.40 per share on a diluted basis, related …
A Philadelphia judge sentenced an elderly woman to 12 years of probation for insurance fraud in a series of claims that drew prison sentences for the defendant in two other courts. Isabel Parker, 72, of Deptford, N.J., staged slip-and-fall accidents …
The avian flu virus cost giant Perdue Farms and Mountaire Farms as well as a number of individual poultry growers dearly in thousands of destroyed chickens, considerable clean up costs and lost income. Perdue and Mountaire may recover some of …
IIABA Close to Announcing New Nationwide High Risk Homeowners Program Independent agents with coastal properties, there may be a life preserver thrown your way soon. The Independent Insurance Agents and Brokers of America (IIABA) is hoping to close a deal …
At first glance, Jeffrey McDaniel does not seem disabled. He is built like a football player, and in his mesh green and gold jersey he looks like one too. A pat on the back reveals his muscled frame, the one …
Delaware Insurance Commissioner Donna Lee Williams announced the totals of this year’s State financial support of Delaware fire companies. The State’s disbursements come from taxes paid by insurers based on property insurance premiums written during the calendar year 2003. This …
A.M. Best Co. announced that it has assigned a debt rating of “a-” to the $280 million 6.20 percent due 2034 trust preferred securities recently issued by Everest Re Capital Trust II and guaranteed by Everest Reinsurance Holdings, Inc. (Delaware). …
A.M. Best Co. announced that it has assigned indicative ratings of “bbb+” senior debt, “bbb” subordinated debt and “bbb-” preferred stock to Platinum Underwriters Holdings, Ltd.’s recently filed $750 million universal shelf offering (See IJ Web site Mar. 24). Best …
At first glance, Jeffrey McDaniel does not seem disabled. He is built like a football player, and in his mesh green and gold jersey he looks like one too. A pat on the back reveals his muscled frame, the one …
Nuts & Bolts: Trafalgar Marine Insurance Services Inc. is also offering a new market for specialty marine products, especially for hard to place risks. Dollars: Deductibles of $1,000. Minimum premiums of $500. Policy limits of $5 million. Carrier: Essex Insurance …
