East Lansing, Mich.-based medical liability and workers’ compensation carrier American Physicians Capital Inc. reported net income of $1.1 million, or 12 cents per diluted share for the second quarter of 2003, compared to a net loss of $2.7 million, or …
The Travis County (Texas) Grand Jury recently indicted Jimmy L. Jones on workers’ compensation fraud-related charges. According to the Texas Mutual Insurance Company, Jones was an employee of Jen’s Oilfield Service in Edinburg, Texas when he allegedly suffered an on-the-job …
Florida Governor Jeb Bush, Senate President Jim King, and House Speaker Johnnie Byrd announced that state legislators have reached an agreement on key elements of medical malpractice reform. The governor said the agreement will protect access to health care for …
TeleGlass National Corporation, a provider of national auto glass repair and replacement services for the insurance industry, announced the appointment of Ronald Lipof as executive vice president. Lipof has demonstrated expertise in the area of corporate development, having successfully combined …
Standard & Poor’s has published an industry report card on North American reinsurers. Continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings, and Standard & Poor’s outlook on the reinsurance sector remains …
Standard & Poor’s Ratings Services has removed from CreditWatch and affirmed its ‘BB+’ counterparty credit rating on Argonaut Group Inc. and its ‘BBB+’ counterparty credit and financial strength ratings on Argonaut’s property/casualty insurance subsidiaries because of Argonaut’s substantially improved capital …
Universal Insurance Facilities Ltd. announced its new relationship with American Alternative Insurance Corporation (AAIC). AAIC is a wholly owned subsidiary of American Re-Insurance Corporation, and has an A.M. Best Rating of A+XV (Superior). American Alternative Insurance Corporation is the insurance …
Bermuda-based XL Capital Ltd reported net income available to ordinary shareholders for the quarter ended June 30, 2003 of $347.7 million, or $2.51 per ordinary share, compared with a net loss of $91.7 million, or $0.68 per ordinary share, in …
A.M. Best Co. has affirmed the Best’s syndicate rating of A- (Excellent) of Lloyd’s Syndicate 1243, which is managed by Euclidian Underwriting Limited. The outlook is stable. The rating reflects the financial strength of the Lloyd’s market—rated A- (Excellent)—which underpins …
RGL – Forensic Accountants and Consultants, announced the introduction of its newest tool in the management of complex multi-incident cases and claims – the RGL PowerBase. Individually customized for each file, the RGL PowerBase is an Internet-based, data management tool …