A decision by the Ohio Supreme Court to overturn its own previous ruling on commercial auto insurance coverage has finally corrected an injustice in the legal system, according to the Alliance of American Insurers. The court ruled by a 4-3 …
Des Moines, Iowa-based carrier EMC Insurance Group Inc. reported operating income of 49 cents per share for the third quarter ended Sept. 30, 2003, compared to 46 cents per share for the third quarter of 2002. Operating income for the …
Chicago-based Aon Corp., the No. 2 broker in the world, has reported third-quarter and nine months 2003 results. Third-quarter net income from continuing operations was $140 million, or 44 cents per share, compared with $121 million, or 43 cents per …
The Banknorth Insurance Group, part of the Banknorth Group, Inc., announced that it will open a new office, located at 116 South River Road in Bedford, New Hampshire. The Banknorth Insurance Agency “will serve customers in southern and central New …
Chicago-based insurer Old Republic International Corp. saw a 24.5 percent increase in its overall net during the third quarter, while total revenues rose by 23.6 percent. Third-quarter profits totaled $119.9 million or 98 cents a share versus $96.3 million or …
The Irwin Siegel Agency, Inc. (ISA), a leading provider of insurance and risk management services within the Human Service field, announced today the start of a relationship with member companies of the American International Group, Inc. (AIG). “In today’s challenging …
The Association for Cooperative Operations Research and Development (ACORD) announced that it will soon be providing temporary as well as permanent auto ID cards in New Jersey, as part of a major change in the state’s auto insurance regulations. Citing …
New York State Senator Kemp Hannon minced no words in his testimony today before the U.S. House Financial Services’ Subcommittee on Capital Markets Insurance and Government Sponsored Enterprises. “For more than 150 years, states have successfully and effectively regulated the …
The Independent Insurance Agents of San Antonio announced its Nov. 20 membership luncheon speakers will be David VanDelinder, executive director of the Independent Insurance Agents of Texas, and Bill Wade, IIAT’s director of membership programs. VanDelinder and Wade will present …
Houston’s HCC Insurance Holdings Inc. announced it has agreed to invest in U.K.-based holding company Illium Insurance Group Ltd., owner of a new Lloyd’s managing agency and syndicate specializing in U.K. third party and employers’ liability. Subject to regulatory approval, …
