Bermuda-based XL Capital Ltd. appointed Carol McFate as Global Treasurer of XL Global Services, a new position within XL. McFate, who is also an executive vice president of XL Global Services, will be responsible for overseeing XL’s global liquidity, funding, …
Following an investigation into alleged unfair business practices due to the failure to send Doctor’s First Report of Injury to workers’ compensation insurance carriers, U.S. Healthworks and Alternative Solutions, Inc., the largest industrial medical provider in California, without admitting liability, …
A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of Allianz Insurance Company (AIC) and its direct subsidiary, Allianz Underwriters Insurance Company, both of Burbank, Calif. The rating outlook is stable for both companies. …
Dallas-based AMS Users Group appointed Linda Rollings as the Group’s first industry advocate. According to the Group, this position will give the organization one consistent voice and face in the industry, working to impact automation-related issues that benefit AMS Users …
Multi-line insurance wholesaler and general agency WCI Wood & Company of Texas Inc. announced that Mary Aguilar has joined the group as assistant vice president. She will serve as a contract underwriter/broker for a wide range of commercial lines. Aguilar …
Frost Insurance Agency (FIA), a subsidiary of Frost National Bank, announced the acquisition of Brokers Insurance Designs, an independent insurance agency based in Forth Worth specializing in group employee benefits plans. Terms were not disclosed. Making the joint announcement were …
Mississippi Insurance Commissioner George Dale announced that the recent storms that hit central Mississippi are turning out to be much more expensive than previously thought. Dale said preliminary numbers on the cost of the storm, which brought a combination of …
A Lehigh Acres, Fla. insurance agent can no longer legally transact insurance in Florida after pleading guilty to charges of misappropriating insurance premiums. The Florida Department of Financial Services announced that Steven Allen Hayhurst-Ricciardi, entered his plea on April 7 …
The Midland Co. reported record results for its first quarter ended March 31, 2003. Net income per share was 56 cents, including 7 cents in realized capital losses. That compares with 44 cents per share in last year’s first quarter, …
Leading auto insurer Progressive Corp. reported first quarter 2003 net income of $291.5 million, or $1.32 per share, compared to $176.2 million, or 78 cents per share in the first quarter last year. Net premiums written and earned both increased …
