Changing corporate governance practices and excess capital in the insurance market have made directors and officers (D&O) liability premiums drop in recent years, according to Advisen Ltd., a provider of analytics, benchmarking and market information to the global commercial insurance …
Seattle-based Safeco hosted a conference call on its fourth quarter and year-end results today, noting it had fourth-quarter net income of $216,4 million, or $1.96 per diluted share. Net income for the same period the previous fiscal year was $190.7 …
The world’s largest kosher slaughterhouse is recalling about 2,700 pounds of potentially underprocessed frankfurters shipped to New Jersey, New York and Pennsylvania, company and federal officials said. Agriprocessors Inc., based in Postville in northeast Iowa, is accepting returns on its …
The Professional Insurance Agents of New York State Inc. announced that Jennifer Swartwout received its Arthur I. Moll Memorial Scholarship award. Swartwout is an assistant underwriter for Jimcor Agencies Inc. in Plainview, N.Y. PIANY presents the award, which honors Arthur …
Louisiana Governor Kathleen Babineaux Blanco kicked off a three-day insurance outreach mission Jan. 29 in San Francisco, part of her continuing efforts to bring affordable insurance home to Louisiana, the governor’s office announced. “We in Louisiana have made great strides …
Ark. Gov. Mike Beebe has appointed Chandra Hicks as the Arkansas Workers’ Compensation Commission’s newest Administrative Law Judge, the AWCC reported. The AWCC administrates the state’s workers’ compensation laws for employees, employers, medical providers, legal representatives of these groups, and …
Net income for the fourth quarter of 2006 at The Hanover Insurance Group, Inc. fell to $45.5 million, or $0.88 per share, compared to $118.7 million, or $2.19 per share, in the fourth quarter of the prior year. Net income …
Driver’s education programs across Georgia are experiencing traffic jams of their own because of a new state law requiring 16-year-olds to undergo behind-the-wheel training before getting a license. The statute, which took effect Jan. 1, is known as Joshua’s Law …
A Virginia House of Delegates committee endorsed legislation Friday to significantly reduce the penalty for riding a motorcycle without a helmet. The Militia, Police and Public Safety Committee voted 9-4 to send Del. Watkins Abbitt’s bill to the House floor. …
Pennsylvania coal industry regulators have revoked the operating permit of a coal mine where a worker died in an explosion three months ago, alleging that a cover-up of a similar 2004 blast might have contributed to the man’s death. The …