France’s SCOR Group has successfully renewed 60 percent of its 2002 portfolio in Asia as of April 1, 2003. Japanese treaties represented 68 percent of business renewed and South Korean treaties 32 percent. “The April 1, 2003 Asian region renewals …
Another Bermuda-based company, Max Re Capital Ltd., reported a good first quarter, with net income for the period ended March 31, 2003 of $14.562 million, or $0.38 per diluted share, compared to net income of $2.6 million, or $0.06 per …
The 2003 Indiana legislative session came to a close recently with little impact on the property and casualty insurance industry, according to a statement released by a trade group. The only substantial property/casualty insurance measure that passed in was credit-based …
The Louisiana House Insurance Committee approved a bill combining the Coastal and FAIR Plans, two of the state’s so-called “insurers of last resort,” under a new state-created entity called the Louisiana Citizens Property Insurance Corporation, according to the American Insurance …
Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease reflects higher …
ACE Casualty Risk, a division of ACE USA, has launched ACE Complete(SM), a web-based underwriting facility which enables contracted brokers to conduct underwriting transactions – from entry to issuance – in a quick and efficient manner via the Internet. ACE …
The General Assembly Banking and Insurance Committee in New Jersey approved legislation Monday that will reportedly correct years of politically influenced auto insurance regulations that have eroded the availability of coverage for drivers. Voting unanimously, the Committee approved the New …
Investigators from the California Department of Insurance Urban Auto Fraud Task Force arrested five individuals last week stemming from an undercover operation named “Operation Pay Out.” All five suspects were booked at the San Bernardino County Jail on felony charges …
The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best Co. Earnings for property/casualty insurers improved, despite another …
The Insurance Coverage and Claims Institute (ICCI) will host a two-day conference May 15-16 at the Intercontinental Chicago Hotel. The first day of the Insurance Coverage and Claims Institute will feature 10 presentations and panels from coverage experts on topics …