Peoria, Ill.-based surplus line insurer RLI Corp. has reported a preliminary range of after-tax losses from Hurricane Ivan of $3 million to $3.5 million. This estimate is based on actual claim activity to date and projections by the company’s catastrophe …
Overland Park, Kan.-based agency franchisor Brooke Corp. announced August results for its franchise and finance subsidiaries. CEO Robert D. Orr announced that the Company’s franchise subsidiary, Brooke Franchise Corp., consulted with franchisees and others in the acquisition of businesses in …
Chicago-based brokerage giant Aon Corp. may sell a majority of its back-office unit to Singapore-based Scandent for $100 million, according to Reuters. Scandent, which owns software, consulting and back-office services units, has an outsourcing business in India. CEO Ramesh Vangal …
A probe into improper sales of life insurance products to soldiers at Fort Benning, Ga. is expanding to other bases, other states, and as many as five companies, according to Georgia Insurance Commissioner John Oxendine. The investigation was sparked by …
The Oklahoma Department of Insurance announced that the State Board for Property and Casualty Rates has approved a proposal to increase a key component of workers’ compensation rates by 5.5 percent beginning Jan. 1, 2005. The decision follows a round …
Risk Management Solutions (RMS) estimates insured losses from Hurricane Jeanne will be between $4 to $8 billion, based on an assessment of the hurricane’s characteristics at the time of landfall and its projected path. Jeanne made landfall just before midnight …
Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s Property Claim Services (PCS) unit. Hurricane Frances made landfall between West Palm Beach …
Former Oklahoma Insurance Commissioner Carroll Fisher issued the following statement after resigning from his post: “For the last six years, it has been my honor and privilege to serve the people of Oklahoma as insurance commissioner. “It has been a …
Roofers and raw materials are scarce. Owners of storm-ravaged homes and businesses are grumbling about delays. And the combined number of insurance claims from Hurricanes Charley, Frances and Ivan is expected to overtake the granddaddy of all storms, Hurricane Andrew. …
Hurricane Jeanne, the fourth major hurricane in six weeks, shut down much of Florida and prompted recovery plans on a scale never before seen in the nation. At least six people died in the storm, which plowed across Florida’s midsection …
