Bermuda’s RenaissanceRe Holdings Ltd. announced the appointment of Robert J. Lamendola as Senior Vice President to lead the continued development of its surety reinsurance business, and James R. Lewis as Vice President, who will focus on the development of a …
As California wildfires in San Diego, Riverside, and Ventura counties continue to burn, numbers rose as to the amount of homes destroyed, acres damaged, and lives lost. The insurance industry has yet to put a number to the damages. Some …
Policyholders insured by the Automobile Club of Southern California’s affiliated Interinsurance Exchange, who have homes and vehicles damaged or threatened by the wildfires in San Diego county, can call 1-800-67-CLAIM for assistance. Auto Club Interinsurance Exchange claims specialists are now …
Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the third quarter of $15.0 million or $0.72 per share, on a fully diluted basis, compared to …
The Insurance Council of Texas distributed a reminder that the next few weeks are one of the most dangerous times of the year for motor vehicle collisions involving deer. The highest number of auto accidents involving deer in Texas traditionally …
Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group, announced the introduction of “LPL Magistrate(SM) its Lawyers’ Professional Liability Policy.” The bulletin noted that law firms have experienced “an escalation in the severity of legal …
Swiss-based Converium Holding Ltd. reported third quarter net income of $44.3 million on net premiums written of $887.4 million, beating analysts’ forecasts, and reversing the $5.6 million loss it reported during the same period last year. Figures for the first …
Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002 third quarter. Third quarter 2003 net loss was ($3.7) …
AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the total to 32 states nationwide. Since AIG …
Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting profits in Auto, Homeowners and Surety,” said Mike McGavick, Safeco chairman and CEO. …