The European Union Parliament in Strasbourg has passed what could be a far reaching directive, mandating that whoever causes environmental pollution will be responsible for the costs of cleaning it up. Part of the proposed legislation would make proof of …
The California Division of Workers’ Compensation (DWC) Walnut Creek District Office’s last day of business will be Friday, May 23. The last day hearings will be scheduled for that office will be Tuesday, May 20. All cases currently in Walnut …
RenaissanceRe Holdings Ltd. announced that the Glencoe Group of insurance companies has been rated “A (Excellent) FSC IX” by A.M. Best. The current A (Excellent) FSC IX A.M. Best rating for Glencoe Insurance Ltd. has been extended to Glencoe’s core …
Bermuda-based ESG Re Limited reported an overall loss of $1.8 million for the first quarter of 2003 compared to a budgeted loss of $1.7 million. It also said that “underwriting profit for the quarter amounted to $2.5 million which was …
FPIC Insurance Group Inc. of Jacksonville, Fla. reported net income of $2.8 million, or $0.29 per diluted share, for the first quarter 2003, compared to a net loss of $26.7 million, or ($2.81) per diluted share, for the first quarter …
PAULA Financial announced net income for the first quarter of 2003 of $0.05 per share compared to $0.03 per shares for the 2002 period. Total revenue for the first quarter of 2003 was $4.6 million compared to $3.3 million for …
Ohio Casualty Corporation announced that second quarter earnings will be impacted by net catastrophe losses estimated at $12 million before tax which were incurred during the period April 1 though May 11, 2003. Approximately $9 million of the estimated catastrophe …
Boston-based Safety Insurance Group, Inc. reported first quarter 2003 results, with net income available to common shareholders for the three months ended March 31, 2003 at $2.9 million, or $0.19 per diluted share, compared to $3.0 million, or $0.53 per …
The adoption Wednesday of an asbestos resolution by the National Association of Insurance Commissioners will reportedly give insurers and other parties seeking to rein in runaway litigation costs an important arrow in their quiver when addressing Congress, according to the …
New Jersey’s Acting Attorney General Peter Harvey announced that a Somerset County woman has pled guilty to theft charges for stealing more than $14,000 from her former insurance company employer. According to Vaughn McKoy, Acting Director, Division of Criminal Justice …