Alabama-based Vesta Insurance Group Inc. reported results for its fourth quarter and full year ended Dec. 31, 2003 that included a $118.8 million charge – $28.9 million cash and $89.9 million non-cash – to write-off recoverables associated with a reinsurance …
New Jersey lawmakers in the Assembly are scheduled to vote on medical malpractice, patient safety and rate regulation legislation today, after votes were delayed last week. The medical malpractice funding bill creates a $90 million fund that would help doctors …
Insurance Journal announced the promotion of Alan M. Ring to the position of vice president of sales and marketing. Ring joined Wells Publishing, publisher of Insurance Journal Magazine and Insurance Journal Online, in February 2002 as a member of the …
Maryland-based Montgomery Insurance, a member of Liberty Regional Agency Markets (RAM), a business unit of Boston’s Liberty Mutual Group, announced that Ed White, CIC, has been promoted to Vice President Personal Lines and Ralph LaSpina CIC, AAI, has been named …
Maryland’s Injured Workers’ Insurance Fund announced the results of a recent survey, which gave the organization high marks for its services, especially from agents and brokers, 97 percent of whom said they “would recommend IWIF to their clients.” According to …
The Professional Insurance Agents of New York State, New Jersey, Connecticut and New Hampshire have announced a new audio-conference series created to help agencies educate their staff at little cost in the convenience of their own office. The series, entitled …
The insurance regulatory organizations from Connecticut, Montana and Pennsylvania have received Accreditation awards under the National Association of Insurance Commissioners’ Financial Regulation Standards and Accreditation Program. The honor was presented at the 2004 NAIC Spring National Meeting in New York …
The Board of Directors of MBIA Inc., the holding company of MBIA Insurance Corporation, announced its intention to name Gary Dunton chief executive officer, effective at the Company’s annual Shareholder Meeting on May 6, 2004. The bulletin indicated that the …
Former New York Stock Exchange Chairman Dick Grasso has reportedly been issued with a subpoena by the Securities and Exchange Commission, which is looking into charges that he may have participated in efforts to shore up the falling share price …
Canada’s Kingsway Financial Services Inc. announced that Kingsway America Inc., its wholly owned subsidiary, agreed to sell an additional U.S.$25 million of 7.50 percent Senior Notes due 2014, fully and unconditionally guaranteed by Kingsway Financial, in a private offering, subject …
