American International Group Inc. (AIG) reported that its second quarter 2004 net income rose 25.7 percent to a record $2.86 billion or $1.09 per share, compared to $2.28 billion or $0.87 per share in the second quarter of 2003. Second …
According to a report by A.M. Best Company, improved reported results for 2003 and the first quarter of 2004, stable equity markets, marginal increases in bond yields and raising of some fresh capital after two years of strong rate increases …
Fraud and auto insurance scams are costing New York drivers millions in inflated insurance premiums, U.S. Senator Charles E. Schumer (D-N.Y.) warned. New York drivers pay the second highest car insurance rates in the country, in part because of costly …
Illinois-based Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, reported higher net earnings for the quarter ended June 27, 2004. The company recorded net earnings of $2.6 million, or $0.22 per …
XL Re Europe, the Continental Europe platform for the Reinsurance Operations of XL Capital Ltd., announced the appointment of Bertrand Romagné as senior vice president and head of the Property Treaty Department. Romagné, formerly vice president and in charge of …
A.M. Best Co. has affirmed the financial strength rating of B+ (Very Good) of Trust International Insurance Company E.C. (TIIC) (Bahrain). The outlook has been revised to positive from stable. At the same time, A.M. Best has assigned an issuer …
Maryland Gov. Robert Ehrlich has requested that the U.S. Small Business Administration (SBA) declare a Small Business Administration Disaster due to the physical damage incurred by Cecil and Harford Counties by floods on July 12-13. “This declaration is a necessary …
The introduction of legislation in the Senate on Thursday to extend the Terrorism Risk Insurance Act of 2002 (TRIA) by two years “adds to the momentum for congressional action in 2004, and demonstrates bipartisan support for maintaining TRIA’s critical economic …
California-based Computer Sciences Corporation has signed a seven-year contract worth approximately $600 million to provide Chicago-based Aon Corporation’s U.S. operations with information technology (IT) infrastructure support services. Under the agreement, CSC will operate and manage Aon’s U.S. telecommunications and data …
The Association of Professional Insurance Women Inc. (APIW) recently announced the 2004-2006 Board of Officers and Advisors, elected by the membership, whose terms began on July 1, 2004. Officers are: · President – Laurie Kamaiko, partner, Edwards & Angell LLP; …
