Bermuda-based Quanta Capital Holdings Ltd., a company that provides specialty insurance, reinsurance, and risk consulting services through its affiliated companies, announced that its net income for the second quarter of 2004 was $1.8 million, or $0.03 per diluted share. This …
CNA Surety Corporation has reported net income for the second quarter of 2004 of $10.2 million, or $0.24 per share, compared to net income of $11.7 million, or $0.27 per share, for the same period in 2003. The decrease in …
Open Source Risk Management (OSRM), a provider of Open Source risk mitigation and management solutions, announced that there are 283 issued, but not yet court-validated, software patents that could be used in patent claims against Linux. The results of OSRM’s …
Although the Illinois General Assembly just wrapped up the longest overtime in state history, several bills critical to the insurance industry fell by the wayside due to ongoing political wrangling and the overshadowing state budget, according to the Property Casualty …
Florida’s Chief Financial Officer Tom Gallagher announced that he has re-appointed Steve Burgess as the state’s insurance consumer advocate. Burgess, who served as the state’s first insurance consumer advocate in the early 1990s, replaces Elsie Crowell who recently retired. In …
A well-known name in the insurance agency business in New Hampshire is no longer. A. D. Davis Insurance Agency, the New Hampshire affiliate of Banknorth Insurance Group, announced that it will change its name to Banknorth Insurance Agency effective August …
The employer of two workers killed and at least three who were injured last month in a construction accident on a Hobe Sound work site has been ordered to cease all business operations in Florida. The order was issued after …
The Penn National Insurance Group is the newest member of the Property Casualty Insurers Association of America (PCI), the lobbying arm of the independent P/C insurance industry. Penn National is the 47th insurer to join the association since it was …
Conn. Gov. Jodi Rell has asked Susan Cogswell, current insurance commissioner, to remain in the post, and Cogswell has accepted the reappointment. “I am happy that Commissioner Susan Cogswell will be remaining as part of my new administration. Commissioner Cogswell’s …
Seattle-based Safeco’s Board of Directors announced an increase to the company’s quarterly dividend. The Board declared a regular quarterly dividend of $0.22 per share, payable on Oct. 25, 2004 to shareholders of record as of Oct. 8, 2004. “This represents …
