Bermuda-based PartnerRe Ltd. posted net income of $141.5 million, or $2.32 per share on a fully diluted basis for the first quarter of 2009, compared to $129 million in the same period of 2008. “Net income includes net after-tax realized …
Cedar Rapids, Iowa-based United Fire & Casualty Company reported net income for the first quarter of 2009 was $3.3 million or 12 cents per diluted share, down from a net income of $20.1 million or 74 cents per diluted share …
Southeast Asia faces one of the world’s highest climate change bills, the Asian Development Bank said on Monday, unless the region adapts to climate change and joins the rest of the world in cutting greenhouse gas emissions. The destructive effects …
High-end property/casualty insurer Chubb Corp. said Thursday that earnings fell in the first quarter, hit by losses on fund investments and declining policy sales. Chief Executive John Finnegan said the “difficult economic and investment environment” had caused some customers to …
Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first quarter 2009 financial results during a conference call and Web cast Thursday, May 7, …
27 The number of fires within a mile of each other in an Orangeburg County, South Carolina neighborhood that firefighters have battled in the past six months. All of the fires have been in vacant homes without power and almost …
The exclusive 2009 Insurance Journal Young Agents Survey asked independent agents under 40 years old: What do you like most about being an independent agent? Here’s what some of the 692 agents who took the survey had to say: Working …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb+” of Illinois-based American Freedom Insurance Company. Best said the “ratings reflect American Freedom’s solid …
Responding to as situation in Atalissa, Iowa, where 21 mentally disabled Texas men lived in a dilapidated house while they worked at a nearby turkey processing plant operated by Texas-based Henry’s Turkey Service, an Iowa House committee has approved a …
An article on the Lloyd’s web site (www.lloyds.com) analyzes the stepped up need for insurance coverage when mega-rock bands like U2 go on tour. The Irish band is slated to begin its latest series of concert dates, named the “360 …
