Pennsylvania-based Harleysville Group Inc. reported a diluted operating loss of $0.10 per share for the first quarter, reflecting the impact of its previously announced $20 million pretax workers’ compensation reserve adjustment and $3.6 million of winter storm property catastrophe losses, …
Oklahoma Insurance Commissioner Carroll Fisher suspended the license of Edmond agent Earl Cody after Cody refused to permit examiners from the Oklahoma Insurance Department to review records as part of an investigation into alleged misappropriation of premiums. According to the …
Pennsylvania-based Erie Indemnity Company’s announcement of its first quarter results for 2003 contained both good and bad news. While net income increased by 3.8 percent or $1.7 million to $45.9 million, up from $44.2 million at March 31, 2002, the …
New York’s Superintendent of Insurance Gregory V. Serio announced that a joint investigation with the Manhattan District Attorney’s Office and New York Police Department has resulted in the arrest of Jose Morel, 49, on charges of insurance fraud, possession of …
According to the World Health Organization more than 4000 cases of Severe Acute Respiratory Syndrome (SARS) have so far been reported, and more than 250 people have died from the infection. If anything those statistics are conservative. The Chinese government …
Investigators with the California Department of Insurance (CDI) Fraud and Investigation Divisions announced recent developments in the following fraud cases: * OAKLAND, CA – As a result of an on-going investigation involving Phil-Am Auto Body Shop in Oakland, seven additional …
New revisions to the federal rules that govern how long truckers can drive at one stretch and remain on-duty fall short from a public safety perspective, according to the American Insurance Association (AIA). The long-awaited rule released by the U.S. …
U.S. property/casualty insurers are expected to pay policyholders an estimated $1.2 billion for insured property-loss claims from a winter storm and windstorm catastrophe that pummeled 10 states in early April, according to preliminary estimates by Insurance Services Office, Inc.’s (ISO) …
The American Insurance Association commended Pennsylvania Gov. Edward Rendell for his nomination of Diane Koken to the post of Insurance Commissioner. “Commissioner Koken’s commitment to the industry and consumers has been proven time and again during her tenure at the …
Transatlantic Holdings, Inc. reported that its net income for the first quarter of 2003 increased 18.7 percent to $62.8 million, or $1.19 per common share (diluted), compared to $52.9 million, or $1.00 per common share (diluted), in the same prior …