Monthly Archives: <span>April 2003</span>

McIntyre Group Completes Strong First Quarter Agency’s Revenue Puts Growing Firm in Top Ten Percent

The McIntyre Group reported today that it had completed a very successful first quarter in terms of revenue generation, new national accounts written and retention of existing business. Despite the relatively flat economy, tensions in the Middle East and hard …

MCINTYRE GROUP COMPLETES STRONG FIRST QUARTER

The McIntyre Group Woodland Falls Corporate Park 210 Lake Drive East, Suite 104 Cherry Hill, NJ 08002 Company Contact: Nan Weinberg The McIntyre Group Phone: 856 842 9900 nweinberg@mcintyre-group.com Media Contact: Reg Pierce InMarket Partners, LLC Phone: 610 408 8022 …

Integra Financial Not Connected with Troubled Okla. Firm

Integra Financial Group, based in Huntington, Texas, issued a statement clarifying that the group is not connected with an Oklahoma domiciled organization of the same name, which was recently issued an emergency order halting operations by Oklahoma Insurance Commissioner Carroll …

AAI Warns Mass. Budget Proposal Would Cost Insurers

“The 2004 Fiscal Year budget proposal newly released by the Massachusetts House Ways and Means Committee would make it more expensive for insurers to do business in the Commonwealth and open insurers domesticated in Massachusetts to the possibility of retaliatory …

Wallace Cleared of Charges in TX ‘Shadow Company’ Case

A district judge in Austin recently cleared Larry Wallace of the Wallace Insurance Agency in Rockwall, Texas of all charges related to an alleged workers’ compensation fraud scheme for which he was indicted in early 2001. Judge Charles F. Baird …

PIP Reform, Workers’ Comp Still on the Table in Fla. Session

The National Association of Independent Insurers (NAII) reports that as the 2003 Florida legislative session winds down, insurers are keeping a close eye on key bills concerning PIP reform, flex rating, workers’ compensation and credit scoring. Budget concerns continue to …

Vesta Reports Improvements in 1st Qtr. Results

Birmingham, Ala.-based Vesta Insurance Group Inc. reported that for the first quarter 2003, its non-standard auto unit generated $4.9 million in net income and its standard auto division brought down its combine ratio to 95.6 percent, both improvements over the …

Florida’s Poe Financial Records Milestone

Calling it a milestone, Poe Financial Group of Tampa, Fla., reported as of April 28, 2003, the total combined written premium of its member companies have surpassed $200 million in annualized premium. Those companies include Atlantic Preferred Insurance Company, Florida …

State Auto Financial Profit Up 60% Over First Quarter 2002

Columbus, Ohio-based State Auto Financial Corp. announced record net earnings of $21.1 million for the first quarter of 2003. GAAP net earnings were 53 cents per diluted share, versus 33 cents for the same period last year. Net operational earnings …

St. Paul Reports Profit Up 36.1% From Year Earlier

The St. Paul Cos. announced first-quarter 2003 net income of $181 million, or 75 cents per share, up 36.1 percent from first-quarter 2002 net income of $133 million, or 60 cents per share. First-quarter 2003 operating earnings were $206 million, …