San Francisco Superior Court Judge James Warren denied a request for a preliminary injunction against California Insurance Commissioner John Garamendi by the State Compensation Insurance Fund Aug. 5. The injunction would have prevented the Commissioner and the Department of Insurance …
Springfield, Ill.-based Horace Mann Educators Corp. reported net income of $2.1 million (5 cents per share) and $10.2 million (24 cents per share), respectively, for the three and six months ended June 30, 2003, compared to net losses of $18.4 …
In the 24-month period from Dec. 31, 2000 through Dec. 31, 2002, the property and casualty industry strengthened prior period loss and loss adjustment expense reserves by approximately $40 billion. Traditionally the information presented in loss reserve studies has been …
Philadelphia-based PMA Capital announced net income of $12.2 million, or 39 cents per diluted share, for the second quarter of 2003, compared with a net loss of $29.7 million, or 95 cents per diluted share, for the second quarter of …
Swiss Re and Mitsui Sumitomo Insurance Company have arranged a $100 million catastrophe risk swap. The catastrophe risk swap is structured in two risk exchanges of $50 million each: Japan typhoon for North Atlantic hurricane and Japan typhoon for European …
ACE Limited announced the creation of a new business unit, ACE Risk Management International, in a move to address the developing risk-financing needs of major corporations. Roger Gillett will assume the title of president of the new unit. ACE Risk …
New Jersey-based Selective Insurance Group, Inc. reported a 140 percent increase in net income to $19.7 million, or $0.72 per diluted share, for the second quarter ended June 30, 2003, compared with $8.2 million, or $0.31 per diluted share for …
San Francisco Superior Court Judge James Warren denied a request for a preliminary injunction against California Insurance Commissioner John Garamendi by the State Compensation Insurance Fund Aug. 5. The injunction would have prevented the Commissioner and the Department of Insurance …
New Jersey Attorney General Peter Harvey and Department of Banking and Insurance Commissioner Holly Bakke announced that a plan has been finalized for distributing to eligible New Jersey consumers a share of $17.7 million paid by Household International to settle …
Homeinfomax.com, the property and ownership provider, announced that three additional states have been added to its geographical coverage, bringing the total number of covered states to 38. The latest additions are: Arkansas, Indiana and Louisiana. Aside from residential and commercial …