Allcity Insurance Company, a division of New York’s Empire Group, which is currently in runoff, reported a net loss of $1,620,000 or $0.23 per share for the six months ended June 30, 2003 compared to a net loss of $1,979,000 …
Louisiana Insurance Commissioner Robert Wooley announced that new and final estimates by the state’s Department of Insurance show Tropical Storm Bill caused nearly $22 million in insured damages in Louisiana. Included in that figure are federal flood insurance claims. Bill …
Standard & Poor’s has released a report on the life and nonlife insurance sectors in Australia that concludes the two are facing “very different operating environment dynamics in 2003.” It is the rating agency’s first industry report card that looks …
The Seibels Bruce Group Inc. of Columbia, S.C., announced financial results for the quarter that ended June 30, 2003, noting that the company posted a net profit of $759,000, or $0.08 per share (basic and diluted). This is compared with …
The California Workers’ Compensation Institute (CWCI) announced that it has published an updated compendium of general facts, information and updated graphics about California workers’ compensation, which is posted on the Institute’s Web site, www.cwci.org. Internet users can access the information …
On Aug. 8, the Texas Department of Insurance (TDI) ordered most of the top 32 insurance company groups writing homeowners insurance in Texas to lower their rates by up to 31 percent, a move the department expects will save Texas …
Brian Wynn Stevens, 34, of Helendale, Calif., pled guilty to one count of insurance fraud stemming from an auto accident that occurred while he was reportedly uninsured, according to an investigation by the CDI. He was sentenced to 15 days …
Pennsylvania Insurance Commissioner M. Diane Koken announced recently that Commonwealth Court has granted final Orders of Liquidation for the Legion and Villanova Insurance Companies. The liquidation orders became effective July 28, 2003, at 12:01 a.m. “These companies are now in …
The Institute of Inspection, Cleaning and Restoration Certification (IICRC) is offering its certified firms access to the results of a recent extensive consumer survey focused specifically on the cleaning and restoration industries. The IICRC-sponsored consumer survey helps certified firms understand …
VHA Insurance Services, a division of VHA Inc., a nationwide network of more than 2,200 community owned healthcare organizations and their affiliated physicians has signed an agreement with RMF Strategies, a provider of evidence-based risk management and risk intelligence software …