The National Association of Mutual Insurance Companies announced that it has updated its comprehensive online overview of existing and recently enacted laws that represent efforts to overhaul the state civil justice system. “This update to NAMIC’s Overview of State Legislative …
The Zurich Financial Services Group reported that its net income for the first half of 2004 nearly doubled to $1.448 billion, compared to $752 million in the same period of 2003. The 93 percent increase would produce an annualized return …
Swiss Re announced that based on preliminary market estimates, it expects its claims related to Hurricane Charley to be below $200 million before tax. It added that “at this level of claims, Charley would not alter Swiss Re’s positive outlook …
Bermuda’s XL Capital Ltd. announced that, based on initial loss reports and preliminary estimates, it expects to receive net claims of approximately $125 million as a result of Hurricane Charley. “The majority of XL’s claims from the hurricane are expected …
Virginia’s State Corporation Commission (SCC) has scheduled a November hearing to consider a request by the National Council on Compensation Insurance, Inc. (NCCI) to increase workers compensation premium levels for industrial classes by an average 4.9 percent in the voluntary …
A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Very Good) of Safeway Property Insurance Company (Gainesville, Fla.). The outlook is negative. The rating downgrade recognizes the company’s reduced capitalization as a result of its …
Concerned and anxious homeowners, business owners and renters should not delay in cleaning up after a disaster. “You don’t have to wait for an inspector to begin clean up,” Lou Botta, federal coordinating officer with the Federal Emergency Management Agency …
U. S. Attorney Johnny Sutton reported that 55-year-old Irma M. Richie, a former Texas Workforce Commission (TWC) employee, her daughter, 35-year-old Mary A. Richie and son-in-law 35-year-old David Murillo pled guilty to federal charges in connection with a scheme to …
Southwestern Insurance Information Service announced that “Legislation, Regulation and Education” is the theme of its 51st Annual Fall Conference, to be held Sept. 19-20, 2004, at the Doral Tesoro Hotel in Fort Worth, Texas. “We have arranged a diverse group …
The Personal Insurance Federation of California (PIFC) reported Wednesday on the losses being handled by its members following the now-contained Shasta area fires. “The 10,400-acre Bear Fire destroyed 80 homes, 30 outbuildings and 10 vehicles in the hills south of …