An omnibus tort reform bill recently introduced in the Mississippi Senate is reportedly ambitious and wide-reaching enough to set the stage for serious reform in the state. “This ambitious bill deserves serious consideration by Mississippi legislators,” said William Stander, regional …
Ascent Assurance, Inc. (AASR.OB) today reported net income, excluding preferred stock dividends recorded as interest expense, of $66,000 for the fourth quarter of 2003 as compared to a net loss of ($758,000) for the fourth quarter of 2002. For the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of the reinsurance subsidiaries of Bermuda-based Platinum Underwriters Holdings, Ltd. It also affirmed the “bbb+” rating of the group’s equity security units issued by Platinum …
Supporters of comprehensive liability reforms testified in front of the House Judiciary Committee on Thursday supporting ESSB 5728, a bill the Senate passed earlier this session. Packing the hearing room were physicians, local business owners, local government officials, health care …
Captive agency carrier the Farmers Insurance Group of Cos. announced the introduction of the new home/life discount for its North Dakota homeowners customers. Customers who have both a life insurance policy and a homeowners insurance policy issued by Farmers can …
GAB Robins Group of Companies, one of the world’s leading claims services firms, announced that Jun Tsusaka has been named Chairman of its global operations. Joseph Zubretsky, who joined GAB Robins in 1999, will remain as President, Chief Executive Officer …
Toyota Reacts to Camry’s Ranking on NICB Most Stolen List||Toyota Motor Sales USA Inc. released a statement regarding the 1989 Camry ranking on NICB’s most stolen vehicles list: “Toyota is committed to reducing cost of ownership of its vehicles and …
Acting State Fire Marshal Richard Montgomery said Wednesday that the improper use of extension cords as permanent wiring was the cause of a fire that destroyed three buildings Monday in McKenzie, Alabama. A hardware store, a grocery and a vacant …
The Massachusetts Division of Insurance has responded to concerns over the lack of homeownres insurance in coastal areas in the state. The Division confirmed that the Andover Group insurers, Cambridge Mutual Fire and Merrimack Mutual Fire, will next month start …
Erie Indemnity Co. Releases Q4 and Full Year 2003 Numbers