Despite a hurricane-ravaged third quarter, property/casualty insurers reported profits of $28.1 billion in the first nine months of 2004, representing a 22.4 percent increase over the $22.9 billion earned during the same period in 2003, according to Weiss Ratings Inc., …
The National Association of Mutual Insurance Companies reported that the trade association of insurance companies showed an increase of $26 billion in premium and two percentage points over the previous year’s figures premium volume and now represents 43 percent of …
RenaissanceRe Holdings Ltd. announced that it has received a subpoena from the Securities and Exchange Commission in connection with an industry-wide investigation into non-traditional insurance products. According to RenaissanceRe, the subpoena also requests information about the company’s previously announced determination …
The nation’s motor vehicle thieves continue to find the most popular automobiles as their primary targets for feeding the underground need for replacement parts and for export to foreign countries, reports a new industry study to identify the most stolen …
Connecticut Attorney General Richard Blumenthal has again blasted state insurance officials and urged the insurance department to call a public hearing into a controversial 89.6 percent medical malpractice insurance rate hike. Blumenthal also called for the state to require prior …
BEA Systems Inc., a provider in enterprise infrastructure software, announced that the Saskatchewan Workers’ Compensation Board, Canada, has selected BEA WebLogic Platform 8.1 as the new platform for its online storefront, replacing IBM WebSphere Application Server. The Workers’ Compensation Board, …
Brimingham,Alabanama-based medcial malpractice insurer ProAssurance Corporation (NYSE: PRA) and NCRIC Group, Inc., our of Washington, D.C., (NASDAQ: NCRI) announced an agreement to merge NCRIC into ProAssurance in a $69.6 million, all-stock transaction which values NCRIC at $10.10 per share based …
Connecticut’s legislature moved closer to legalizing civil unions for same-sex couples last week as a key panel approved a measure that could make Connecticut the second state to recognize gay unions through legislative action. The Joint Judiciary Committee voted 25-13 …
Proposals by West Virginia Governor Joe Manchin to bring down insurance rates and increase availability will be discussed this morning during two presentations in Charleston during Insurance Day, sponsored by the Professional Independent Insurance Agents of West Virginia. Jim Pitrolo, …
Solving numerous problems with Citizens Property Insurance Co., Florida’s insurer of last-resort, tops the to-do lists of many legislators, lobbyists and industry groups going into the March sessions of the Florida Legislature. Top proposals were recently highlighted in the Fort …
