Mercury General Corporation, a California-based automobile insurer with operations in a number of other states, reported that net income was $42.1 million, or $0.77 per share (diluted), in the first quarter 2003 compared with $29.0 million, or $0.53 per share …
The Hospital & Healthsystem Association of Pennsylvania (HAP) has issued a statement by president and CEO Carolyn Scanlan in anticipation of this week’s “Code Blue” physician protests, expressing support for the action, but assuring PA residents that its members would …
Zurich Financial Services announced that the U.S. District Court for the Southern District of New York has dismissed with prejudice the class action brought by several Holocaust victims against member companies of the Zurich Group. It also noted that “a …
Oklahoma Insurance Commissioner Carroll Fisher issued an emergency order halting the operations of a Tulsa-area insurance agency pending an investigation into the activities of its directors. The agency, Integra Financial Group Inc., has several “sub-agents” across the country selling insurance …
A Florida lawsuit by an association of Allstate agents alleging that company restrictions on the sale of agencies and required sales volumes for certain products violated their rights has been dismissed by a judge, according to Crain’s Chicago Business. The …
Florida’s top auto insurance companies were strongly urging the Florida Senate to pass the Motor Vehicle Insurance Affordability Act as the issue came up for a vote Monday. Senate Bill 1202 reportedly has the teeth to make a real dent …
California Insurance Commissioner John Garamendi sought and received an order of liquidation for the California business of Legion and Villanova Insurance Companies April 26. The order, issued in California Superior Court in Los Angeles ends a yearlong legal struggle to …
On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers Perrin’s 2002 Directors & Officers Liability Survey. The sustained …
W. R. Berkley Corporation reported first quarter net income of $72 million, or $1.25 per share, up from $34 million, or 66 cents per share, a year ago. Net operating income for the first quarter of 2003 was $63 million, …
The Alabama Department of Insurance announced its office in cyberspace has a new name on its front door, www.aldoi.gov, which the agency says reflects its mission as a servant of the people of the state of Alabama. “We didn’t do …