Litigation involving U.S. business has receded slightly overall, but large corporations have experienced a surge and see no relief from lawsuits in sight. In a new survey of national litigation trends by law firm Fulbright & Jaworski L.L.P., the average …
A decision by Gov. Ernie Fletcher to have the Office of Insurance take over regulation of the group self-insured workers’ compensation funds in Kentucky is reportedly supported by the Property Casualty Insurers Association of America (PCI). “We applaud the governor …
Seattle-based PEMCO Insurance on Tuesday donated $5,000 to the Arson Alarm Foundation, a nonprofit organization dedicated to preventing arson. PEMCO’s donation will be added to Arson Alarm’s existing $10,000 reward fund. PEMCO hopes the reward will help prompt anyone having …
Argonaut Group Inc., based in San Antonio, announced financial results for the three months ended June 30, 2004, reporting that earned premiums for the quarter were a record $157 million. The company’s consolidated GAAP combined ratio was 96.7 percent during …
With maximum sustained winds of almost 100 miles per hour, tropical storm-turned-Hurricane Alex is moving along the coast of North Carolina toward the Outer Banks, and local property owners should take some basic precautions to ensure that their property is …
Anthem Inc. on Tuesday filed a lawsuit against California Insurance Commissioner John Garamendi in the Superior Court of the State of California for the County of Los Angeles. The suit seeks to set aside the Commissioner’s decision to disapprove Anthem’s …
Houston-based HCC Insurance Holdings Inc. has released earnings for the second quarter of 2004. Net earnings increased substantially during the second quarter of 2004, rising 41% to $46.4 million from $33.0 million and diluted earnings per share grew 37% to …
Sapulpa Auto Pool Inc. announced the creation of a new position, Director of Buyer Services, which will be filled by Ted Holt. The high-profile principal of Holt Auction Company, Holt has built a following among the automotive salvage and dealer …
Guidewire Software, a provider of solutions for property and casualty and workers’ compensation insurance, announced a new standard for performance and scalability of insurance claims solutions, achieved on a platform of IBM hardware and software. Using a single IBM eServer …
In the first half of 2004, Georgia Insurance Commissioner John Oxendine’s Consumer Services Division helped more than 43,000 Georgia residents settle disputes with their insurance companies, returning $7,900,840 in insurance claims to these residents – money they might not have …