San Francisco-based U.S.I. Holdings Corporation reported record financial results for the first quarter ended March 31, 2003. Net income from continuing operations for the quarter increased $18.8 million to $4.9 million from a loss of $13.9 million recorded during the …
Vanguarde Asset Group Inc., a New York company, has been identified as one of the companies recently shut down by the Florida Department of Financial Services as being unauthorized to sell insurance in that state. In a story that appeared …
The Alliance of American Insurers (AAI) and several other insurance trade associations have filed an amicus curiae brief with the New Jersey Supreme Court in Vassiliu v. Prudential. At issue is a ruling by the New Jersey Appellate Division holding …
Ohio Insurance Director Ann Womer Benjamin announced that recent investigations conducted by the Department’s Fraud Unit have lead to three indictments of Ohioans attempting to defraud insurance companies. The lead case involved Fairfield County resident Brenda Johnson who allegedly swindled …
New York Superintendent of Insurance Gregory Serio and Brooklyn District Attorney Charles Hynes announced that a joint investigation with the assistance of the Rackets Bureau of the Brooklyn DA’s Office resulted in the arrest of Michael Rickman of Brooklyn, N.Y., …
ABRA Auto Body & Glass, a Minneapolis-based damaged vehicle repair company, announced the opening of their 27th repair center in metro Minneapolis. The facility, located at 15129 Foliage Avenue in Apple Valley, will increase the number of ABRA repair centers …
Iowa-based EMC Insurance Group Inc. reported operating income of $0.67 per share for the first quarter ended March 31, 2003 compared to operating income of $0.31 per share for the first quarter of 2002. Net income, including realized investment losses/gains, …
The Alliance of American Insurers (AAI) said it is pleased with today’s passage of a workers’ compensation reform bill by the Florida House. “The bill, HB 1837, is an outstanding work product that will result in substantial cost savings because …
At a time when government budgets throughout California are stretched tighter than they have been in decades, Keenan & Associates (www.keenanassoc.com), is advising public agencies how to save thousands of dollars following a recent modification to Title 19 of the …
Indianapolis-based Baldwin & Lyons Inc. announced record first quarter operating income, defined as net income before capital gains or losses, of $6.1 million, or 42 cents per share, compared to the previous first quarter record of $4.9 million, or 33 …