Monthly Archives: <span>July 2004</span>

LDI to Hold Property and Casualty Filing Seminar

The Louisiana Department of Insurance will hold a property and casualty filing seminar in Baton Rouge on Aug. 19 and 20, 2004. Hot topics include: Regulation 78; Terrorism; Flexible Rating/Filing Provisions; Credit Scoring; Mold and Moisture; Industry Access; Form Filing …

Alamo CPCU Chapter Announces Fall Classes

McQuade Appointed to XL Capital Board of Directors

Bermuda-based XL Capital Ltd announced that it appointed Eugene M. McQuade to its Board of Directors. McQuade was formerly president of Bank of America and prior to that was president and chief operating officer of FleetBoston Financial. He is a …

CalSurance Unveils National E&O Coverage for Broker-Dealers with 75 or Less Registered Reps

CalSurance, a national insurance sales, service and support organization comprising many diverse and specialized programs, has launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Insurance Company have teamed …

Wagner Named Houston’s ‘Woman of the Year’

Carolyn Wagner, commercial lines manager for MaximInsurance and an employee for 15 years, was recently honored at the 2004 Woman of the Year luncheon, held at the Junior League of Houston. Wagner was selected 2004 Woman of the Year by …

Fitch: Reinsurance Sector Rating Outlook Revised from Negative to Stable

Fitch Ratings has revised its Rating Outlook for the global reinsurance sector to Stable from Negative. Prior to this change, Fitch had maintained a Negative Rating Outlook on the sector since 2001. Fitch’s revised Outlook reflects the agency’s expectations for …

Abram Interstate Inc. Moves its Office

Abram Interstate Insurance Services Inc. has moved to 2211 Plaza Drive, Suite 100, Rocklin, Calif., 95765. Specializing in products for residential property owners, as well as farms, ranches and equine accounts, Abram Interstate Inc. has steadily grown during the last …

State Auto Reports Record Quarterly Results

Ohio-based State Auto Financial Corp. reported record second quarter net income of $34.6 million, or $0.85 per diluted share, versus $8.3 million or $0.21 per diluted share for the same period in 2003. Net operating earnings(a) per share were $0.83 …

A.M. Best Report: Canada’s P/C Industry Rebounded Strongly in 2003

As 2002 fades from memory as the worst performance year by the Canadian property/casualty insurance industry, 2003, on the other hand, will be remembered for the industry’s return to underwriting profitability and strong earnings, according to a statistical study from …

Infinity Notes 102% Jump in Q2 Net Earnings

Alabama-based Infinity Property and Casualty Corp., a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported that second quarter net earnings increased 102% compared to the second quarter of 2003. Net earnings for the second …