Minnesota-based RTW, Inc., a provider of products and services to cost-effectively manage both insured and self-insured workers’ compensation programs, reported net income for the first quarter ended March 31, 2003 of $564,000, or $0.11 per basic and diluted share. The …
The Colorado House passed legislation this week that would replace the state’s current no-fault auto insurance system with a tort-based system. Meanwhile, the House is also expected to act this week on legislation that would attempt to reform the no-fault …
As the Bush administration and the insurance industry informed the Supreme Court on Wednesday that a California law to aid Holocaust survivors with decades-old insurance claims intrudes on U.S. foreign policy and should be shot down, the American Insurance Association …
VFS Insurance Group, the insurance division of the Volvo Group, has added eight states and the District of Columbia to the list of states in which it is licensed to sell insurance, bringing the total to 22 plus D.C. Over …
Standard & Poor’s has assigned its ‘R’ financial strength rating to White Hall Mutual Insurance Co. (White Hall) after the Pennsylvania Insurance Department ordered the company to be liquidated on the basis of insolvency, effective April 10. “In 2002, White …
A pending Iowa regulation that would reportedly regulate the way insurers settle automobile claims is flawed and should be changed, according to the Alliance of American Insurers (AAI). “In its current version, IAC 191-15 would force insurers to pay third-party …
The regular session of the Mississippi legislature adjourned earlier this month, with lawmakers passing a $3.6 billion budget and passing only a few bills relating to property/casualty insurers. “There were 214 bills introduced during the session which related to insurers; …
Standard & Poor’s Ratings Services announced that it has assigned a stable outlook to the financial strength of Thailand’s general insurance sector, based on “the industry’s satisfactory financial profile, as evident from its five-year average combined ratio of 89 percent, …
A.M. Best Co. reaffirmed that the financial strength rating of A- (Excellent) of Sweden’s Skandia Insurance Company Ltd. “remains unchanged and the outlook remains positive” following the company’s announcement last Wednesday that chief executive Lars-Eric Petersson has left the company …
Bermuda-based RenaissanceRe Holdings Ltd. reported $126.9 million in first quarter net operating income available to common shareholders, compared to $86.6 million in the first quarter of 2002. Operating earnings per common share grew to $1.80 in the first quarter, from …