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 …
Taiwan and China signed a series of landmark agreements on Sunday laying the groundwork for a flood of investment in financial services to flow across the Taiwan Strait for the first time in six decades. The agreements are the latest …
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 …
A Crowley, La.-area agent was served by Louisiana Department of Insurance Fraud Section Investigators with a cease and desist order, notice of license revocation and a $10,000 fine notice for alleged misappropriation, theft and forgery. Julia Katherine Moore, 25, is …
A.M. Best Co. has downgraded the financial strength rating of CAMICO Mutual Insurance Co. (CAMICO) based in Redwood City, Calif., to B++ (Good) from A- (Excellent) and downgraded issuer credit rating to “bbb” from “a-.” The outlook for both ratings …
Pennsylvania-based insurer Harleysville Group Inc. saw first-quarter net income fall 28 percent as it posted profits of $17.2 million, down from $24.1 million in the year-ago period. Revenue for the company fell to $246.9 million for the quarter, down slightly …
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, …
Citing a strong capital position and current market conditions, Lloyd’s of London has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a discount. The offer applies to fixed/floating rate subordinated notes due 2024 …
A report from FINEX Global, Willis’ London-based Financial, Executive Risk and Professional Liability business, has found that financial institutions (FI) face “an average premium hike of 15 percent in early 2009, as insurance rates reflect a significant rise in claims …
Mercury General Corp. on Monday, May 4, 2009, will release results for its first quarter ended March 31, 2009. The company will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time to review the …
