American Re Corp. announced another quarter of earnings and continued surplus growth. The company reported second quarter GAAP net income of $106.0 million, compared to $122.1 million in the second quarter of 2003. At June 30, 2004, the statutory surplus …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Island Heritage Insurance Company Ltd (Cayman Islands). The rating outlook is stable. The rating reflects Island Heritage’s excellent capitalization, continued favorable underwriting and operating results, modest net …
The Court of Appeals of Indiana has reportedly stepped out of the national judicial mainstream by refusing to reject the concept of diminished value in an auto repair case and is allowing a class action suit to be heard in …
Insights 2004, the Annual Property Restoration Conference and Tradeshow, will be held Sept. 28 – Oct.1, 2004 at the Sheraton Hotel and Towers in Chicago. The conference will feature a full day of technical and management training sessions, a two-day …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) in partnership with the National Highway Traffic Safety Administration (NHTSA) will hold a motor vehicle safety symposium to drive the message to the federal workforce that wearing seat belts …
Illinois Attorney General Lisa Madigan has filed suit to shut down a reported fraudulent Alexander County treatment center operated by an unlicensed doctor who prescribes treatments, operates a facility for sick patients and professes to heal human illness. Madigan’s suit …
Sam Sorich, president of the Association of California Insurance Companies (ACIC), issued a response this week to calls for price controls on workers’ compensation insurance, as the Golden State continues to face its major industry issue. “Now is not the …
Fairfield, Ohio-based insurer Ohio Casualty Corp. reported second-quarter net income of $32.7 million, or 52 cents per diluted share, up 67 percent from $11 million, or 18 cents per diluted share, a year ago. The company also reported a statutory …
The Arkansas Insurance Department reported it has received information indicating some automobile insurance companies are denying reinstatement, refusing to write, or raising premium rates for members of the U.S. Armed Forces who are returning from active military service. These individuals …
Midway Auto Salvage Auctions (MASA), an independent salvage auction company established in 1999 and headquartered in Grenada , Mississippi, announced its latest expansion, the acquisition of a 65-acre site located in south Jackson , the state’s most heavily populated region. …