Argonaut Group Inc., based in San Antonio, announced financial results for the three months ended June 30, 2004, reporting that earned premiums for the quarter were a record $157 million. The company’s consolidated GAAP combined ratio was 96.7 percent during …
With maximum sustained winds of almost 100 miles per hour, tropical storm-turned-Hurricane Alex is moving along the coast of North Carolina toward the Outer Banks, and local property owners should take some basic precautions to ensure that their property is …
Houston-based HCC Insurance Holdings Inc. has released earnings for the second quarter of 2004. Net earnings increased substantially during the second quarter of 2004, rising 41% to $46.4 million from $33.0 million and diluted earnings per share grew 37% to …
Allstate Workplace Division has launched a new electronic worksite application program called AllApp for independent agents contracted to sell Allstate Workplace Division products. AllApp features a combined product illustration and application tool, automatic underwriting capabilities and streamlined payroll deduction and …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seattle-based Safeco Insurance Companies. Concurrently, A.M. Best has also affirmed the “bbb+” rating on Safeco’s existing senior debt and the “bbb” rating on its capital securities. Additionally, …
In the first half of 2004, Georgia Insurance Commissioner John Oxendine’s Consumer Services Division helped more than 43,000 Georgia residents settle disputes with their insurance companies, returning $7,900,840 in insurance claims to these residents – money they might not have …
INAMAR, the marine marketing and underwriting division of ACE USA, announced the appointment of Linda Endress as assistant vice president and marine underwriting manager of INAMAR’s Marine Facilities Group (MFG). Based in San Diego, she will have overall responsibility for …
Victims of medical malpractice would be denied their rights by a limit on damage awards, foes of the idea say, while advocates say the rising cost of malpractice insurance is keeping doctors out of Oregon. For the second time in …
Brown & Brown Inc. announced the acquisition of Arkansas-based Hardin & Wilson Inc., of Little Rock. Hardin & Wilson, with annualized revenues of approximately $1.2 million, is a full-service commercial property and casualty insurance agency which has been serving clients …
A Maryland appeals court has upheld a 2003 circuit court decision by maintaining that personal injury protection (PIP) waivers remain effective until withdrawn in writing. The Property Casualty Insurers Association of America (PCI) filed an amicus brief on behalf of …
