Monthly Archives: <span>May 2003</span>

Argonaut Group Notes Q1 Results

San Antonio-based Argonaut Group, Inc. announced financial results for the three months ended March 31. First quarter highlights: *The company’s Excess & Surplus Lines (E&S) segment reported a 107 percent increase in gross written premium and 172 percent increase in …

CalSurance Professional Liability Program for Real Estate Brokers Now Available Wholesale

CalSurance (www.calsurance.com), a national insurance sales, service and support organization, announced that the exclusive partnership it established last year with Arch Insurance Group to offer professional liability insurance for real estate brokers will now be open on a wholesale basis …

Illegal Dental Plan Told to Cease and Desist in Wash.

Washington consumers of dental insurance plans should stay away from Benefit Plans of America, Inc. as sold by Daniel A. White, according to Washington’s Office of the Insurance Commissioner (OIC). The office has issued a Cease and Desist order prohibiting …

SARS Risk to Travelers Results in Re-examination of Coverage

The current outbreak of SARS (Sudden Acute Respiratory Syndrome) is reportedly causing considerable anxiety at organizations with employees traveling internationally, especially to and from Asia. California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits …

HCC Notes Record Q1 Results, Continued Strong Growth in All Operations

Houston-based HCC Insurance Holdings, Inc. released earnings for the first quarter of 2003. Net earnings increased 30 percent for the first quarter of 2003 to $30.3 million or $0.48 per share from $23.3 million or $0.37 per share for the …

U.S. Liquids to Appeal Decision in Lawsuit With Carrier

U S Liquids Inc., a provider of liquid waste management services, announced that the United States District Court for the Southern District of Texas has granted the company’s insurance carrier’s motion for summary judgment that the insurance carrier is not …

Omega Insurance Services Hires Sullivan as CFO

Florida-based Omega Insurance Services, a workers’ comp and disability fraud investigation firm, added Michael Sullivan as chief financial officer. Sullivan comes to Omega from UTEK Corp., where he was CFO. His experience also includes positions as chief operating officer and …

Major Detroit Auto Fraud Ring Busted

Michigan Attorney General Mike Cox, the Michigan State Police, National Insurance Crime Bureau (NICB), and Office of Financial and Insurance Services (OFIS) announced that a cooperative federal, state and local law enforcement effort has cracked a 16-member auto insurance fraud …

IBC Presents AIM 2003 – ‘Emerging Trends’

“Emerging Trends” is the theme of the sixth annual Automotive Insurers and Manufacturers Forum (AIM), a one-day conference sponsored by Insurance Bureau of Canada. AIM brings together players in the insurance and automotive worlds in order to share valuable information …

The MIIX Group Reports Q1 Profit

The MIIX Group, Inc. of Lawrenceville, N.J., a provider of medical professional liability insurance services, announced net operating income of $7.2 million, or $.54 per share, for the first quarter ended March 31, 2003, compared to a net operating loss …