P&C holding company Harleysville Group Inc. released earnings reports last week showing the company earned $17.7 million, or 60 cents a share for the fourth quarter of 2000, up almost 40 percent from the same period a year earlier. Revenue …
Frontier Insurance Group’s Patrick Kenny, executive vice president and chief financial officer, Douglas Moat, executive vice president and Richard Seyffarth, executive vice president and chief investment officer have resigned, according to an announcement by the company, due to reduced business. …
Citigroup is offering company head Sanford “Sandy” Weill $28.6 million in salary and bonuses for 2000, almost twice what he received in 1999. Reuters news service reported the increase based on a filing last week with the U.S. Securities and …
Lloyd’s of London has hired former U.S. Senate Majority Leader Bob Dole to help fight a bankruptcy bill provision that could block the company from collecting debts from some U.S. investors. Dole, who has said he will not personally lobby …
Liberty Mutual Insurance Co. lent its cooperation in an investigation, conducted by the Westchester district attorney’s office, the Westchester County Dept. of Public Safety, the New York State Police and the New York City Police Department, of a ring which …
Commercial auto deregulation was supposed to be a yawner for the 77th Legislature. Sure, there was opposition, but with the Texas Department of Insurance backing the measure, no one could have expected the fireworks display of emotion that heated up …
“How’s business?” “Don’t ask.” “What’s wrong?” “You’ve heard of underwriting?” “I’m familiar with the concept.” “Well, it’s back. I’m working my rear end off trying to get business renewed. I have no time to even look for new business, not …
The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My children couldn’t sleep when …
The property/casualty industry could return capital to its stakeholders without risking rating downgrades or insolvency, according to A.M. Best Company, which is conducting an ongoing analysis of risk-adjusted capitalization in the industry. However, this “decapitalization” would do little to boost …
Conseco’s fourth quarter operating profits rose 5 percent, beating expectations, as the struggling U.S. life insurance and loan firm continued its efforts to shore up its finances. The Carmel, Ind.-based company reported fourth-quarter operating profits, excluding one-time items, of $41.1 …
