July 22, 2004
Suzanne Sahakian Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. Each of the 50 …
July 21, 2004
Aquila Inc. and The Chubb Corporation announced that the United States District Court for the Western District of Missouri has approved a settlement between Aquila and two Chubb subsidiaries, Federal Insurance Company and Pacific Indemnity Company. In the settlement announced …
July 20, 2004
West Virginians paid more for auto insurance in 2001 than people in all but 15 other states, according to statistics from the National Association of Insurance Commissioners, the Associated Press and the Charleston Gazette reported. The state moved from having …
July 20, 2004
From the brink of the dustbin to the brink of a bright future, it’s been a bumpy ride recently for MI-Assistant, the Eleva, Wis.-based agency solutions provider. In the cutthroat world of competitive rating and agency management systems, the company …
July 20, 2004
The deadline for crop insurers to agree to the 2005 version of the federal crop insurance program’s Standard Reinsurance Agreement came and went June 30. And while all the 14 insurers who participated in the program last year have signed …
July 20, 2004
Des Moines, Iowa-based insurer EMC Insurance Group Inc. announced a proposed 6.5 percentage point increase in its property/casualty insurance companies’ aggregate participation interest in the EMC Insurance Cos.’ pooling agreement effective Jan. 1, 2005. As a result of this change, …
July 19, 2004
The deadline for crop insurers to agree to the 2005 version of the federal crop insurance program’s standard reinsurance agreement (SRA) came and went June 30. While all the 14 insurers that participated in the program last year have signed …
July 19, 2004
Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance company insolvencies. Each of the 50 states, plus …
July 19, 2004
From the brink of the dustbin to the brink of a bright future, it’s been a bumpy ride recently for MI-Assistant, the Eleva, Wis.-based agency solutions provider. In the cutthroat world of comparative rating and agency management systems, the company …
July 19, 2004
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 …