Georgia Insurance and Safety Fire Commissioner John Oxendine announced that two juveniles were arrested this week in an arson fire that destroyed a former school building in Rossville, Ga. The two suspects, both age 15, were arrested and charged with …
The Hartford Financial Services Group, Inc. reported net income per diluted share of $1.20 for the third quarter of 2003, up from $1.06 per diluted share in the third quarter of 2002. Net income increased 29 percent to $343 million …
With the aim of reportedly aiding in the development of an international accounting standard for insurers, the National Association of Independent Insurers (NAII) and six other major insurance trade associations have asked the London-based International Accounting Standards Board (IASB) to …
Congress’ interest in insurance regulation should reportedly motivate state policymakers to act to make the insurance marketplace more competitive, according to a property/casualty trade association. NAMIC, the National Association of Mutual Insurance Companies, conveyed that sentiment in a statement to …
Gill and Roeser Inc. of Richardson, Texas announced it hired two new senior vice presidents, Vik Jain and Charles T. Black. Vik Jain (vjain@gillroeser.com) is a senior VP with responsibilities in the areas of property/casualty, life/health insurance and reinsurance brokerage …
MarketScout, a Dallas-based online distributor of property and casualty insurance products, announced the recent addition of four new underwriters to its staff: Holly Sanford, Mary Thomas, Stacy Birk and Jacque Duggan. Sanford joined as underwriter for MarketScout’s CIC Wrap (Insurance …
Pennsylvania’s Donegal Group Inc. announced that it has filed a registration statement with the Securities and Exchange Commission relating to its proposed offering of up to 3,450,000 shares of Class A common stock. “The exact terms of the offering, which …
A.M. Best Co. announced that it has downgraded the financial strength rating to ‘A-‘ (Excellent) from ‘A’ (Excellent) of Clarendon Insurance Group of Wilmington, Del. and its P/C affiliates. The outlook for the rating is stable. “The downgrade of Clarendon …
The Association for Cooperative Operations Research and Development (ACORD) and the Mortgage Bankers Association (MBA) have announced the finalization and release of ACORD Form 28, “Evidence of Commercial Property Insurance,” a new standard form that meets the specific needs of …
Bermuda’s Endurance Specialty Holdings Ltd. joined the parade of the island’s insurers who’ve been having a banner year. The company reported third quarter 2003 net income of $56.5 million or $0.83 per diluted share versus net income of $28.9 million …
