Frost Brown Todd LLC Insurance Industry Group and the Kentucky Hospital Association announced the formation of the Kentucky Hospital Insurance Company (KHIC). The captive insurer/risk retention group will offer medical malpractice and general liability coverage in Kentucky. Representatives for the …
Austin, Texas-based American Physicians Service Group Inc. (APS) announced that revenues increased for both the second quarter and the six month period that ended June 30, 2003. For the three months ended June 30, 2003, revenues increased to $7,719,000 from …
GAINSCO Inc., a property/casualty insurance holding company based in Dallas, announced losses in net income for the second quarter and first six months of 2003 but the company noted that the losses are significantly less than for the same periods …
In anticipation of an early vote on class action reform legislation when Congress returns in September, the Alliance of American Insurers is urging its member companies to contact Senators in support of S 274, the Class Action Fairness Act. The …
Standard & Poor’s has affirmed its ‘A’ counterparty credit and senior debt ratings on Mercury General Corp. and its ‘AA’ counterparty credit and financial strength ratings on Mercury Casualty Co. (Mercury Casualty), Mercury Insurance Co. (Mercury Insurance), and Mercury Insurance …
ABRA Auto Body & Glass, a national damaged vehicle repair company, announced that Mitch Becker was named I-CAR’s North Central Regional Instructor of the Year. The award was presented at the I-CAR International Annual Meeting, where Becker was one of …
Queens District Attorney Richard Brown, joined by Police Commissioner Raymond Kelly and New York State Insurance Department Superintendent Gregory Serio, announced that the owner, manager and employees of a Far Rockaway, Queens automobile body shop and garage have been indicted …
Pennsylvania Attorney General Mike Fisher announced that a letter from his office and release form will be mailed to 49,000 Pennsylvanians eligible for nearly $30 million in restitution following a landmark legal action against Household International. Consumers must fill out, …
XL Capital Ltd announced its speaker program and official Web site for the XL Capital Congress, a global risk conference being held Sept. 4-5 in Montreux, Switzerland. As previously announced, the theme for the conference is “Thought Leadership for a …
Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The group’s total revenues rose 4.9 percent to 49.5 …