On behalf of Clark County physicians, Nevada Gov. Kenny Guinn announced that the state of Nevada has reached a $1 million settlement with The St. Paul insurance companies. The St. Paul withdrew from the medical malpractice insurance market in 2002. …
California Insurance Commissioner John Garamendi will visit several cities next week to address industry concerns of state residents following last year’s wildfires. Garamendi’s schedule is as follows: Monday, April 19, 2004 – 6 p.m. Bing S. Wong Lecture Hall/Norman F. …
Risk Management Solutions (RMS), a provider of products and services for catastrophe risk management, has issued a set of instructions and tools to assist Lloyd’s syndicates in completing the 2004 Lloyd’s Realistic Disaster Scenarios (RDS). The RDS analysis can be …
Illinois-based RLI Corp. reported first quarter net earnings of $0.65 per diluted share ($16.9 million), a 16 percent per-share improvement over the $0.56 per diluted share ($14.4 million) reported in the first three months of 2003. Quarterly operating earnings of …
Fitch Ratings has affirmed the ‘A+’ senior debt rating and ‘F1’ short-term rating of Marsh & McLennan Companies Inc. (MMC). The senior debt rating has been removed from Rating Watch Negative and the Rating Outlook is now Stable. The action …
A woman, arrested a month ago on charges of stealing more than $100,000 from the Florida Insurance Guaranty Association, has been arrested a second time on charges that she stole more than $310,000 from another insurance company, according to Florida’s …
Florida-based Brown & Brown Inc. announced a new record for its earnings per share in the first quarter. Net income per share for the quarter ended March 31, 2004 was $0.53, an increase of 20.5 percent over the $0.44 in …
ACE Casualty Risk, a unit of ACE USA – the U.S.-based retail operating division of The ACE Group of Companies – has introduced a new Casualty Premises Pollution program designed to offer general liability and premises pollution coverage in a …
Bradley Wilson, president of Florida-based North American Liability Group announced that the company has once again become aware that unauthorized spam e-mail is being sent out about the company by an unknown third party or parties. The spam e-mail is …
California-based SafeGuard Health Enterprises Inc. announced results for the fourth quarter and year ended Dec. 31, 2003. In commenting on the 2003 results, James Buncher, SafeGuard’s president and CEO, said, “We are pleased with the progress we made during 2003 …