Everest Re Group, Ltd. reported second quarter 2003 after-tax operating income, which excludes realized capital gains and losses, of $107.1 million, or $1.94 per diluted share, a 53.7 percent increase compared to $69.7 million, or $1.34 per diluted share, in …
Virginia-based Hilb, Rogal and Hamilton Company reported second quarter, total revenues of $139.5 million, compared with $95.7 million a year ago, an increase of 45.8 percent. Commissions and fees rose 45.5% to $137.9 million during the quarter, compared with $94.7 …
Illinois drivers cited three times by police for driving without proof of the mandated auto liability policy will now have their drivers’ licenses revoked, while uninsured motorists involved in an accident that injures the other party will have their vehicles …
A Carmichael, Calif. man was arrested on three felony counts of insurance fraud. Jason C. Turner, 34, was arraigned and booked into the Placer County Jail on June 12. If convicted, he could face up to five years in prison …
An insurance industry spokesperson said that preliminary insured losses from Hurricane Claudette are starting at $17 million. “It is still far too early to estimate precisely what total insured losses will be. These numbers could increase very significantly over the …
Several class action lawsuits have recently been filed in Georgia based on the state Supreme Court’s decision on the issue of diminished value related to auto insurance claims, according to the Alliance of American Insurers. The latest such suit seeks …
New York City Police Commissioner Raymond Kelly and New York State Insurance Superintendent Gregory Serio announced the arrest of Peter Perouza, 32, who is charged with insurance fraud and grand larceny stemming from a fraudulent claim he reportedly submitted stating …
CDS Business Mapping, a provider in online hazard mapping, announced the release of its revolutionary, patent pending, Birdseye Geocoding™ technology. Birdseye Geocoding combines digital street files and aerial images to provide the most accurate geocode possible. The aerial image allows …
A route truck driver working for a Baltimore County trucking company was recently found guilty of felony theft against IWIF, Maryland’s largest workers’ compensation insurance company, in Baltimore County Circuit Court. The claimant received a one year and one day …
A.M. Best Co. has assigned an initial financial strength rating of A+ (Superior) to Nichido Insurance Company (Pacific) Limited, (Nichido Pacific), Guam. The outlook is negative. Satisfying A.M. Best’s reinsured rating criteria, the rating is based on the financial strength …