The Netherlands ING Group, one of the world’s largest integrated financial services companies, reported operating net profit of U.S. $2,362 million/EUR 2,068 million for the first six months of 2003, a 6.4 percent increase over the same period in 2002. …
FPIC Insurance Group Inc. of Jacksonville, Fla., reported net income of $3.5 million, or $0.37 per diluted share, for the second quarter 2003, compared to net income of $2.6 million, or $0.27 per diluted share, for the second quarter 2002. …
Dan Kyle, a former legislative auditor, resigned from the race for the governor of Louisiana and signed up to campaign to be the state’s next insurance commissioner. According to the New Orleans Times-Picayune and Associated Press, Kyle, a lone Republican …
The Iowa Administrative Rules Review Committee is being urged by insurer lobbyists to issue a session delay on rule changes to Iowa Code 191-15 that pertain to diminished value in third party claims so that the legislature may review the …
Standard & Poor’s Ratings Services has revised its outlook on Aon Corp. to negative from stable because of concerns about the disparity in pre-tax margins between what Aon is earning on its risk and insurance brokerage segment and what Aon’s …
Scott Canales recently joined Los Angeles-based Lockton Insurance Brokers Inc. as vice president and producer. He will be focusing on developing new business and responding to risk management needs of Lockton’s construction clients. Canales has 10 years in the commercial …
As companies become more dependent on their computer networks for vital data, business continuity and communications, their vulnerability to cyber catastrophes reportedly increases. “Unfortunately, most companies are operating in a 21st century threat environment with 20th century insurance coverage,” stated …
Legislation passed on Wednesday by the Florida legislature is far from perfect and may not generate the benefits that the medical community, consumers and insurers had hoped for, according to the Alliance of American Insurers. “The legislation that was finally …
Garry Kaufman, president of Galveston Insurance Associates in Texas accepted an award recently on behalf of his agency after it was named one of three Federal Insurance & Mitigation Administration’s 2002 Agencies of the Year. The award recognizes agencies writing …
Chattem, Inc., a marketer and manufacturer of branded consumer products, announced that Kemper Indemnity Insurance Company (“Kemper”) has filed a lawsuit against the company in federal court in Chattanooga, Tenn., seeking to rescind the excess product liability insurance policy issued …