The Chubb Corporation reported that net income in the third quarter of 2003 was $259.8 million or $1.37 per share, compared to a net loss of $242.1 million ($1.42 per share) in the third quarter of 2002. Operating income, which …
W. R. Berkley Corporation reported third quarter net income of $76 million, or 87 cents per share, up from $41 million, or 52 cents per share, a year ago. Net operating income for the third quarter of 2003 was $74 …
Columbus, Ohio-based insurer State Auto Financial Corp. (STFC) reported third-quarter net income increased to $15.5 million, or 38 cents per diluted share, versus $5.8 million, or 15 cents per diluted share for the same period 2002 — an increase of …
Insurance software-maker Mitchell International announced that Mike Manika has joined the company as vice president of strategic corporate accounts, based in Chicago. Manika joins Mitchell from ClaimIQ where he served as the vice president of sales. Prior to that, Manika …
Disaster aid reportedly continues to flow to individuals and businesses in Chester County, Pa., affected by Tropical Storms Henri and Isabel, and related severe storms and flooding. More than $598,000 has been approved to date, according to disaster recovery officials. …
As citizens recover from Hurricane Isabel, Maryland Governor Robert Ehrlich, Jr. and Insurance Commissioner Alfred Redmer, Jr., want all Maryland homeowner’s insurance policyholders to understand what state law says about making insurance claims for weather-related damage. “In the wake of …
Oklahoma Insurance Commissioner Carroll Fisher announced he will conduct a hearing Tuesday, Nov. 18, on a rate increase in medical malpractice insurance rates proposed by Physicians Liability Insurance Co. Under a recently enacted state law, policyholders impacted by proposed medical …
Last weekend as Floridians turned their clocks back to Daylight Saving Time, Florida’s Chief Financial Officer and State Fire Marshal Tom Gallagher said it’s also time to put a fresh battery in the smoke alarm – or install an alarm. …
A New York resident has been sentenced in federal court to 13 months in prison and ordered to pay restitution after he reportedly faked the identities of a least three Floridians in order to collect nearly $100,000 in abandoned cash …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) for Farmers Insurance Group. Concurrently, A.M. Best has affirmed the bbb+ ratings of the Farmers Group Capital I & II preferred securities (QUIPS) issued in 1995 in the …