Ohio Casualty Corporation announced that it expects to report net income per share of $0.31 to $0.35 for the first quarter 2003. This net income per share estimate includes approximately $0.21 per share for after-tax realized capital gains on investments. …
California Department of Insurance (CDI) Commissioner John Garamendi implemented the first step in his Homeowner’s Bill of Rights last week by releasing a regulatory advisory to insurers reminding them to review and follow law when using loss or claims history …
Long Grove, Ill.-based Kemper Insurance Cos. will be laying off about 1,000 employees and pursuing options of how best to put into runoff the middle-market offerings for which negotiations fell through Wednesday, according to a Kemper spokeswoman. Kemper had previously …
Net earnings of Alleghany Corporation in the first quarter of 2003 were $7.7 million, or $1.04 per share of common stock, compared with net earnings of $25.8 million, or $3.44 per share of common stock, in the first quarter of …
An Ohio municipal judge is accused of setting his house on fire after allegedly increasing insurance coverage on it and taking valuables out of the home, federal officials said, according to an Associated Press report. After a five-month investigation, Fairfield …
Environmental Risk Resources Association will present The Environmental Insurance Forum, June 26-27, at the Emory Conference Center in Atlanta. Insurance agents and brokers will deliver more than 50,000,000 microbial matter, fungus, mold and bio-terrorism exclusions to their customers this year. …
The Alabama Insurance Department has issued a notice of hearing to inform the industry of its plan to adopt proposed Regulation No. 127, to be known as the “Use of Credit Information for Determining Rates and Eligibility for Personal Insurance.” …
Ohio Insurance Director Ann Womer Benjamin announced the Department has launched the Complaint Handling and Monitoring Program (CHAMP), becoming one of the first state insurance agencies to create a web-based system for resolving complaints by providers about the payment of …
Illinois-based Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services, reported higher net earnings for the quarter ended March 30, 2003. The company recorded net earnings of $2.0 million, or $0.16 per diluted share, versus net …
Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co.’s first-quarter net income dropped by 64.7 percent in the first quarter to $11.9 million, while the firm reported $254.3 million in revenues, up by 22 percent. According to a statement, Gallagher …