Oklahoma Insurance Commissioner Carroll Fisher announced that Arizona officials credited an investigator from the Oklahoma Insurance Department with cracking a case involving the sales of fake bonds across the nation. The bonds were reportedly being sold from Arizona but some …
The Township of South Brunswick, New Jersey was presented with a Special Recognition Award by the Garden State Municipal Joint Insurance Fund (GSMJIF), for its contributions to the overall success of the Fund. Barry Barron, president of NIP Management Co., …
Standard & Poor’s Ratings Services announced that it has affirmed the ‘AA-‘ counterparty credit and financial strength ratings on property/casualty insurer Hannover Re (Bermuda) Ltd. (HRB), with a negative outlook. “The ratings are based on HRB’s status as core to …
Bermuda’s XL Capital Ltd. reported $99 million in net income available to ordinary shareholders for the quarter ended September 30, 2003, or $0.71 per ordinary share, compared with net income of $184.1 million, or $1.34 per ordinary share, in the …
Patricia Costante, chairman and CEO of The MIIX Group, Inc., a New Jersey-based provider of medical professional liability insurance services, announced net operating income for the third quarter ended Sept. 30, 2003, of $4.4 million, or $.33 per share compared …
Candysse Miller, executive director of the Insurance Information Network of California (IINC), released the following statement regarding claims on the Southern California brushfires: “Our surveys of the insurance industry have confirmed a total of 3,430 claims filed from the Southern …
Insurers of homes and business are expecting thousands of claims to arise from more than a dozen wildfires that have burned half a million acres and destroyed 2,000 homes in Southern California. If no further significant damage were to occur, …
A former Florida insurance agent is facing several felony charges for allegedly stealing more than $36,000 from a fund he was managing for Modern Woodmen of America. Michael D. Peck, 56, was arrested last Friday on charges of scheming to …
Florida-based eAutoclaims reportedly just completed its second profitable quarter. Net income for the six-months ended July 31, 2003 totaled $230,102 compared to a net loss of $2,364,056 for the six-months ended July 31, 2002, an improvement of $2,594,158. Revenue for …
The National Association of Professional Insurance Agents (PIA) this week applauded action by the Senate to reauthorize the National Flood Insurance Program (NFIP) and called on the House of Representatives to quickly follow suit. On Oct. 27, the U.S. Senate …