The presidents of the Professional Insurance Agents of New York (PIANY) and of New Jersey (PIANJ), John Bailey and Steve Reichman, have both issued warnings to parents to observe certain basic safety rules for their trick or treaters tonight in …
California auto insurer Mercury General Corp. reported its third-quarter net operating profit rose as the number of premiums written increased by 16 percent. The company said net operating earnings were $30.2 million, or 56 cents per diluted share, compared with …
Insurance Commissioner Harry W. Low announced the approval of California’s advisory pure premium rate for workers’ compensation insurance, approving an increase of 10.2 percent in the advisory pure premium rate. The rate increase was recommended by the Workers’ Compensation Insurance …
Removing the hype from the issue of mold and indoor air quality is like removing a source of moisture from mold spores. Without the hysteria surrounding this issue, the financial incentives that feed unscrupulous businesses in the emerging mold economy …
W. R. Berkley Corporation reported that operating income, excluding losses related to the Sept. 11 event, was $11 million, or 36 cents per diluted share, for the third quarter ended Sept. 30, compared with $9 million, or 34 cents per …
The National Association of Mutual Insurance Companies (NAMIC) Board of Directors voted Wednesday to endorse an offshore property catastrophe facility that will be available exclusively to member companies. Renaissance Reinsurance Ltd. located in Hamilton, Bermuda, will accept property catastrophe reinsurance …
Independent Insurance Agents of America (IIAA) President William F. Hofmann III, bestowed special IIAA Presidential Citations awards to several deserving individuals for their outstanding contributions on behalf of the independent agency system on Oct. 27. IIAA’s Hawaii InfoXchange, themed “Grow …
Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services headquartered in Schaumburg, Ill., announced that it has retained Synergetics Installations Worldwide Inc., a New Hampshire-based consulting firm with expertise in creating and implementing efficient operating standards …
Michigan-based Amerisure Insurance Company officially began its 90th anniversary celebration at a company event recently. As part of the event, Amerisure culminated its fund-raiser for the American Red Cross, to help those affected by the Sept. 11 terrorist attacks. Rick …
XL Capital Ltd. announced that it plans to offer up to 7 million ordinary shares, plus additional shares if necessary to cover underwriters’ overallotment, in a move to strengthen its capital base. XL shares have been trading in the $85-$90 …
