Monthly Archives: <span>September 2003</span>

Zenith Declares Quarterly Dividend

Zenith National Insurance Corp. declared a regular quarterly cash dividend of $.25 per share on its outstanding shares. The dividend is payable Nov. 14, 2003 to stockholders of record at the close of business on Oct. 31, 2003.

City of Ozark, Ala. Building Destroyed in Fire

A building owned by the City of Ozark and insured for more than $800,000 was destroyed by fire around 4:25 A.M. Aug. 30. The approximate 16,000 square foot building, located at 401 Carroll Avenue, was occupied by the Alabama Department …

Mich. Commissioner Signs Multi-State Consent Order in Race-Based Pricing Agreement

Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters signed a multi-state Consent Order regarding Monumental Life Insurance Company of Baltimore, concerning its practices of raced-based pricing of their life insurance policies after July 1974. Under the terms …

Adesso Systems Brings Mobility to Mutual Fire Ins. Assoc. of New England

Adesso Systems, a leader in providing companies with a distributed application platform to keep mobile users always connected and productive, and Mutual Fire Insurance Association of New England, a provider of survey and loss control services to member companies, announce …

PATI’s MoldScan Detects Active Mold Growth

Prism Analytical Technologies Inc. (PATI) announces that MoldScan(TM), its cutting-edge MVOC detection technology for the safety of buildings, now enables property owners, insurance companies, lawyers and others concerned about Indoor Air Quality issues, including Sick Building Syndrome (SBS), to test …

A.M. Best Assigns Initial Ratings to Quanta Ins. Cos.

A.M. Best Co. has assigned initial financial strength ratings of A- (Excellent) to Quanta Reinsurance Ltd., and its strategic subsidiary, Quanta Reinsurance U.S. Ltd. (both of Bermuda). The rating outlook for both companies is stable. Both companies are wholly-owned subsidiaries …

Travelers Rtgs Unchanged by Royal & Sun Transaction

Standard & Poor’s Ratings Services said Hartford, Conn.-based Travelers Property Casualty Corp.’s recently announced purchase of renewal rights to select commercial and personal lines businesses of Royal & SunAlliance USA will not affect the ratings on the company. The transaction …

Indictments Continue in Investigation of Phony Auto Claims

New Jersey Attorney General Peter Harvey announced that a Union County man and his girlfriend have been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with orchestrating staged accidents in Essex and Union Counties in …

21st Century Raises Dividend 11%

The Board of Directors of Plantation, Fla.-based 21st Century Holding Company announced today that they are raising the Company’s dividend 11 percent from $.09 per share to $.10 per share payable on December 1, 2003 to shareholders of record as …

S&P Affirms Everest Re Group Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its ‘A-‘ counterparty credit and preliminary senior debt, ‘BBB+’ subordinated debt, and ‘BBB’ preferred stock shelf ratings on Bermuda-based Everest Re Group Ltd. S&P also said it has affirmed its …