Los Angeles-based Mercury General Corp. announced that on Monday, Aug. 2, 2010, it will release results for its second quarter ended June 30, 2010. The company will host an investor conference call and Web cast that same day at 10 …
The U.S. property/casualty industry earned a net profit for the first quarter 2010, partly due to the continued recovery in the financial markets. The first quarter 2010 rebounded from a net loss in the first three months of 2009. After-tax …
The Berne Union* closed its recent biannual meeting in Helsinki Finland on a tone of cautious optimism for global trade and investment. The Union’s bulletin pointed to “a resurgence in credit insurance capacity and a leveling off from the surge …
Markel Programs has partnered with ProSurance Group, Inc., a managing general agency, to offer a new, monoline commercial Fidelity insurance program. Commercial crime coverage is currently available countrywide on an open-brokerage basis. Fidelity insurance for financial institutions will be launched …
Standard & Poor’s Thursday said it will add property and casualty insurer Ace Ltd to its flagship Standard & Poor’s 500 stock index after the close of trading on July 14. Ace will replace Millipore Corp, a maker of laboratory …
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to recovery. The IMF said the euro …
World leaders agreed Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries. The following are highlights from quotes by leaders and other …
The number of financial impairments for U.S. property/casualty (P/C) insurers have more than tripled since 2007, the last full year before the current recession, rising to 18 in 2009, up from 16 in 2008 and from five in 2007. A.M. …
A district court judge has authorized Oklahoma Insurance Commissioner Kim Holland to place Pegasus Insurance Company into rehabilitation. Pegasus specializes in workers’ compensation for professional employer organizations (PEOs), or employee leasing entities, according to information posted on the company’s Web …
Chancellor George Osborne’s budget proposals, featuring spending cuts and new taxes, has received mostly a thumbs up from the Association of British Insurers. Commenting on the measures, Kerrie Kelly, the ABI’s Director General, stated: “We wholly support the commitment to …
