Nevada-based Sierra Health Services Inc. reported that income from continuing operations for the quarter ended Dec. 31, 2004 was $27.9 million, or $0.83 per diluted share, compared to income from continuing operations of $24.0 million, or $0.68 per diluted share, …
Fitch Ratings has affirmed the ‘A-‘ long-term issuer and senior debt ratings of The St. Paul Travelers Companies Inc. (STA), Travelers Property Casualty Corp. and Travelers Insurance Group Holdings. The ‘AA-‘ insurer financial strength (IFS) ratings of the members of …
Florida Attorney General Charlie Crist, released the following statement after the announcement of an $850 million settlement between Marsh & McLennan and the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves …
New York Attorney General Eliot Spitzer said today that the monies from the $850 million settlement his office negotiated with Marsh would be used to refund insureds who wish to take advantage of the funds. “Not a penny goes to …
Joe Stewart, an employee of the North Carolina State Treasurer’s office, has resigned to become executive director of the newly-formed Insurance Federation of North Carolina. Stewart has been a long-standing associate and political strategist to State Treasurer Richard Moore and …
Itasca, Ill.-based Arthur J. Gallagher & Co. announced that Chris Crawford will join its Glendale, Calif. office as area executive vice president. Crawford will be responsible for new client development and client advisory services for signature products such as Directors …
Texas-based Custom Insurance Solutions (CIS) has been chosen by Crouse and Associates as their MGA / wholesale management system provider. Crouse and Associates, the largest independently owned wholesale brokerage firm in San Francisco, will be implementing CIS’s Agency Information Manager …
The Roman Catholic Archdiocese of Los Angeles withheld “critical evidence” that could help insurance carriers assess the validity and worth of more than 500 sexual abuse claims, the insurers allege. In a federal lawsuit filed Jan. 26, three members of …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Egypt’s Al Chark Insurance Company with a stable outlook. “Al Chark’s risk-adjusted capitalisation is likely to have improved at year-end June 2004 as a …
A.M. Best Co. has affirmed the financial strength rating of “A”- (Excellent) of Egypt’s Misr Insurance Company with a stable outlook. Best said it “believes Misr’s level of risk-adjusted capitalisation will deteriorate slightly at June year-end 2004 as a result …
