The Pennsylvania-based Harleysville Group confirmed earlier announcements that it has suffered a $3.24 million first quarter net loss, compared to a $13.34 million profit for the same period in 2002. Higher than expected workers compensation claims, winter storm and personal …
The Hospital & Healthsystem Association of Pennsylvania (HAP) has issued a statement by president and CEO Carolyn Scanlan in anticipation of this week’s “Code Blue” physician protests, expressing support for the action, but assuring PA residents that its members would …
The Netherlands-based ING financial and insurance group announced that it has finalized the sale of 99% of Fatum, its insurance business in the Netherlands Antilles and Aruba, to Guardian Holdings Limited for approximately 45 million Euros ($50 million). The company …
Generali SpA, Italy’s largest insurer, has reconfirmed the positions of Antoine Bernheim as Board Chairman and Giovanni Perisinotto and Sergio Balbino as co-Chief Executives for an additional three-year period, while adding four new members to its management board, at a …
A Florida lawsuit by an association of Allstate agents alleging that company restrictions on the sale of agencies and required sales volumes for certain products violated their rights has been dismissed by a judge, according to Crain’s Chicago Business. The …
Ohio Casualty Corp., the holding company for Ohio Casualty Insurance Co., expects to report net income per share of 31 to 35 cents for the first quarter 2003. This net income per share estimate includes about 21 cents per share …
The son of Aon Corp. CEO Patrick G. Ryan and Aon’s general counsel have left the Chicago-based brokerage’s board to be replaced by two outside directors, according to Crain’s Chicago Business. Patrick G. Ryan Jr. was added to Aon’s board …
California Insurance Commissioner John Garamendi sought and received an order of liquidation for the California business of Legion and Villanova Insurance Companies April 26. The order, issued in California Superior Court in Los Angeles ends a yearlong legal struggle to …
On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers Perrin’s 2002 Directors & Officers Liability Survey. The sustained …
W. R. Berkley Corporation reported first quarter net income of $72 million, or $1.25 per share, up from $34 million, or 66 cents per share, a year ago. Net operating income for the first quarter of 2003 was $63 million, …
