A report from Dow Jones Newswires indicates that Russia’s Economic Ministry is seeking government backing to lower the existing barriers to entry for foreign companies in the country’s insurance market. Foreign life companies are limited to a 15 percent stake …
Allcity Insurance Company, a division of New York’s Empire Group, which is currently in runoff, reported a net loss of $1,620,000 or $0.23 per share for the six months ended June 30, 2003 compared to a net loss of $1,979,000 …
The New York State Insurance Department has issued Circular Letter #12, addressed to “All Insurers Authorized To Write Motor Vehicle Insurance In New York State; Rate Service Organizations; And Insurance Producer Organizations.” The letter clarifies certain provisions of the New …
Standard & Poor’s has released a report on the life and nonlife insurance sectors in Australia that concludes the two are facing “very different operating environment dynamics in 2003.” It is the rating agency’s first industry report card that looks …
The boards of directors of Columbus, Ohio-based State Auto Financial Corp. (STFC) and State Automobile Mutual Insurance Co. elected Matt Mrozek and John Couger assistant secretaries of the State Automobile Mutual and State Auto Property/Casualty companies. Mrozek is an actuary …
Prudential Financial Inc. companies announced its associates have responded to the Annual Backpack Challenge issued by the Prudential Employee Community Volunteer Council by purchasing, filling and donating backpacks for foster children in Austin, Texas. The Austin Rainbow Room, a local …
The Texas Workers’ Compensation Commission (TWCC) Central Office will be closed Sept. 25 and 26, 2003, in order to relocate to its new office facility. Neither the old location or the new location will be open on those days. The …
Florida Healthcare Providers Insurance Exchange, (The Exchange) announced it filed an application with the state to offer medical malpractice insurance to physicians in Florida. The Exchange expects to begin issuing policies that would take effect as of Jan. 1, 2004. …
The Seibels Bruce Group Inc. of Columbia, S.C., announced financial results for the quarter that ended June 30, 2003, noting that the company posted a net profit of $759,000, or $0.08 per share (basic and diluted). This is compared with …
The California Workers’ Compensation Institute (CWCI) announced that it has published an updated compendium of general facts, information and updated graphics about California workers’ compensation, which is posted on the Institute’s Web site, www.cwci.org. Internet users can access the information …
