Pilgrim Insurance, a unit of The Plymouth Rock Group of Companies, in Boston, has been accepted by the Federal Insurance and Mitigation Administration to participate in the Write Your Own Flood Program (WYO). This program enables Pilgrim to issue flood …
Comcast announced a partnership with the families and friends of accident victims titled Drive, Think, Live, beginning on Tuesday, Feb. 1. “Drive, Think, Live” will feature $1 million worth of airtime donated by Comcast for public service messages, and the …
Insurance Commissioner John Oxendine is disappointed that Marsh & McLennan “got off the hook” in its settlement with the New York State Attorney General and says his office will continue to investigate overcharges in Georgia. Oxendine criticized the announcement of …
The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2004 after-tax operating income – which excludes realized capital gains and losses – of $94.7 million, or $1.66 per diluted share, a 20.2 percent decrease compared to $118.6 million, or $2.09 …
Bermuda-based IPC Holdings, Ltd. announced that its fourth quarter, 2004 results will be adversely impacted by catastrophe losses, arising primarily from revised estimates with respect to the third quarter Florida hurricanes and Pacific typhoons. “Based upon our analysis which has …
A.M. Best Co.’s special report on the P/C industry features a tried-and-true warning: “Expect the best, plan for the worst, and prepare to be surprised,” which it points out is “sage advice for an industry that bases its business on …