Chicago-based LKQ Corporation reported results for its third quarter ended Sept. 30, 2003, with revenue of $83.5 million and net income of $3.5 million, representing growth over the third quarter of 2002 of 16.2 percent and 49.1 percent, respectively. “We …
Mandeville, La.-based FARA promoted Erica Fritch to the position of claims supervisor of the American Longshore Mutual Association unit, located in Metairie, La. According to the company, Fritch joined FARA in 1993, working in various clerical positions in the FARA …
The Republic Companies, based in Dallas, announced the appointment of Stephen D. Johnson as vice president of Claims. Most recently, Johnson held senior management positions with Farmers Insurance. He has been in private law practice and was with Republic from …
The Kansas Department of Insurance’s new fraud unit announced its first prosecution. Acting in concert with the Attorney General and Douglas County District Attorney Christine Kenney, the Unit has filed a 14-count criminal complaint against Rhonda Wilder. The complaint charges …
Farmers Insurance Group of Companies is advising its customers suffering damage from the recent fires to immediately contact their agent or call the 24 hour claims hotline, 800-HelpPoint (1-800-435-7764). As of early morning Thursday, Farmers Insurance had received approximately 1,300 …
The New Jersey Township of Berkeley has been presented with a Special Recognition Award for the Most Improved Safety Record by the Garden State Municipal Joint Insurance Fund (GSMJIF). In a ceremony held at the Township’s municipal offices, Earl Miller, …
Fitch Ratings announced that it has affirmed the ‘A’ insurer financial strength ratings of the members of the Markel North America insurance group. It also affirmed the group’s ‘BBB-‘ long-term issuer rating and existing senior debt ratings and the ‘BB+’ …
The U.K.’s Goshawk Insurance Holdings announced that it will exit the Lloyd’s market due to a series of losses dating back to 2001, and will henceforth concentrate on Goshawk Re its Bermuda-based reinsurance operation. The company will take a £35 …
A.M. Best Co. announced that it has downgraded the financial strength rating of Hannover Rueckversicherung AG (Hannover Re) and its core subsidiaries to A (excellent) from A+ (superior). It also downgraded the financial strength rating of HDI Haftpflichtverband der Deutschen …
Insurance Services Office, Inc. (ISO) has signed an agreement to integrate its ClaimDirectorSM auto physical damage (APD) claim score with the ClaimsPortTM solution from ProcessClaims to enable systematic evaluation of incoming claims via web services at first notice of loss. …