Farmers Insurance reports it is responding to its customers’ needs in Missouri, Kansas, Tennessee and Arkansas following the tornadoes and severe storms that hit those states Sunday. “Farmers catastrophe claims response went into high gear immediately on Sunday,” said Jeffrey …
The 2003 Georgia legislative session ended recently, reportedly winding up the longest session in more than a century and one that was bogged down with budget concerns and political infighting. “A new governor, a new speaker and a new Senate …
An automobile insurance reform bill being heard Monday by the New Jersey Assembly’s Banking and Insurance Committee is a good first step toward improving the underwriting environment in the state, reversing years of neglect and missteps, according to the Alliance …
A Metairie, La., agent (producer) was shut down for forgery and misappropriation of insurance premiums, the third such shutdown of an agent’s insurance operation in four days, Insurance Commissioner Robert Wooley announced. Department of Insurance Fraud Unit investigators served Mario …
Citing “very strong earnings and cash flow generated during 2002” and “the ongoing expectation that such results will continue,” A.M. Best Company has affirmed the A+ (superior) rating of commercial and industrial property insurer FM Global and placed a “stable …
Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, announced results for the quarter ended March 31, 2003. Net income for the first quarter of 2003 increased to $51.2 million or $0.86 per diluted share …
Jon S. Saltzman, president and CEO of Penn-America Group, Inc., announced that Richard W. Slomiany, CPCU, AIM, has been appointed as VP of Claims for the company’s insurance subsidiaries. “Slomiany, 46, joins Penn-America following a 23-year career with Harleysville Insurance …
The Superior Court of Providence County has granted the petition of Rhode Island’s Insurance Commissioner, Marilyn Shannon McConaghy, to place two local insurers, Pawtucket Mutual Insurance Company and its sister company, Narragansett Bay Insurance Company, under voluntary rehabilitation. The order, …
Toronto’s Lindesy Morden Group, a leading global provider of independent insurance claims services, announced a first quarter net loss of $1.991 million, compared to a $7.940 loss for the same period last year. The company had gross revenues of $111.117 …
Berkshire Hathaway Inc. CEO Warren E. Buffett announced the Omaha, Neb., insurer would have first-quarter operating earnings of about $1.7 billion, which he described as “the best operating earnings we’ve ever had,” according to The Wall Street Journal. Berkshire reported …