Charles Cohen announced that he is resigning as Arizona state Director of Insurance, effective Oct. 24, 2003. Cohen, an attorney, began representing the Department of Insurance as an Assistant Attorney General in 1987. From 1992 to 1998 he held several …
U.S. property/casualty insurers are expected to pay policyholders an estimated $4.9 billion for insured property-loss claims from four catastrophic events in the second quarter ― the second-highest second quarter in losses since 1994 ― according to estimates by Insurance Services …
New York Superintendent of Insurance Gregory Serio announced the arrests of three western New Yorkers, Lynda Morganti of Cheektowaga, Richard Vacanti formerly of Buffalo and Kevin Lis of Buffalo, who have been charged with a variety of insurance frauds. It …
Michigan-based Meadowbrook Insurance Group reported net income for the quarter ended June 30, 2003 of $2.7 million, or $0.09 per diluted share, compared to $122,000, or $0.01 per diluted share for the comparable period in 2002. The increase in net …
Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company also posted a statutory combined ratio …
Des Moines, Iowa-based carrier EMC Insurance Group Inc. operating income of 9 cents per share for the second quarter ended June 30, 2003 compared to operating income of 45 cents per share for the second quarter of 2002. Operating income …
The Kentucky Department of Insurance announced it will hold a public hearing on August 13 to discuss the contents of a filing from an advisory organization expected to be used by most carriers to develop rates for workers’ compensation insurance. …
Houston-based HCC Insurance Holdings Inc. released earnings for the second quarter of 2003, reporting that net earnings increased 29 percent for the second quarter of 2003 to $34.7 million from $26.8 million and diluted earnings per share grew 26 percent …
New Jersey Attorney General Peter Harvey announced that a Hudson County man has pled guilty to theft by deception for conspiring to use false identities to fraudulently obtain more than $2,000 in health insurance benefits. According to Vaughn McKoy, Director, …
The arrival of the first new auto insurer in New Jersey in the past seven years is a positive event for the state’s consumers, according to the Alliance of American Insurers. “The decision by California-based Mercury General to initiate business …