Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $256 million in losses of insured property and crops during April through July. “The storm season extended well beyond spring this year—and we’ve exceeded the …
The Board of Directors of Boston’-based Safety Insurance Group, Inc., one of Massachusetts leading personal auto insurers, approved a $0.10 per share quarterly cash dividend on its issued and outstanding common stock, payable on September 15, 2003, to shareholders of …
NYMAGIC, Inc. announced that its insurance subsidiary, New York Marine And General Insurance Company, would assume the new and renewal business written under a primary marine cargo program managed by Southern Marine & Aviation, Inc., effective immediately. Chairman and CEO, …
A newly issued sigma study from Swiss Re “Insurance company ratings”, examines rating assessments, as determined by the four major agencies, A.M. Best, Fitch Ratings, Moody’s Investors Service, and Standard & Poor’s (S&P), and considers their influence on the industry. …
Trenwick Group Ltd. announced that its subsidiary Trenwick Holdings Limited has entered into a definitive agreement with Bestpark Limited, an affiliate of Litigation Control Group Limited (LCL), for the sale of all of the capital stock of Trenwick International Limited, …
Hospitals face a growing threat from a new variant of Creutzfeldt-Jakob disease (vCJD), the human version of “mad cow disease,” the killer infection that decimated British cattle herds in the 90’s. Swiss Re has issued a focus report entitled: “Prion …
Watch Video Length: 10 min 36 sec Lo | Hi California Insurance Commissioner John Garamendi reiterated that homeowners are in crisis during a press conference in San Diego Aug. 21, announcing new additions to his “Homeowners Bill of Rights.” Garamendi …
According to the latest report from the Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety, the Cadillac Escalade SUV has the most frequent theft claims among 2000-02 model passenger vehicles. Its theft claim frequency …
Atlanta-based AssuranceAmerica Corporation announced the appointment of John E. Cay, III to fill a vacancy on the company’s Board of Directors. Cay is the chairman and CEO of Palmer & Cay Inc., a risk management and employee benefits consulting firm. …
First Floridian Auto and Home Insurance announced it has begun offering a homeowners insurance discount of up to 10 percent on new homes in the state built to “Fortified …for safer living” standards. Homes must also meet all other First …
