Monthly Archives: <span>July 2005</span>

Hilb Rogal & Hobbs Hit By Legal Expenses in 2nd Quarter

Hilb Rogal & Hobbs Company, based in Richmond, Va., reported that for the second quarter, total revenues were $162.0 million, compared with $147.8 million a year ago, an increase of 9.7 percent. Commissions and fees rose 8.8 percent to $158.4 …

Commerce Net Earnings Rise, Losses Fall in 2nd Quarter

The Commerce Group Inc. out of Webster, Mass. reported that 2005 second quarter net earnings were $62.6 million, or $1.85 per diluted share, compared to net earnings of $37.4 million or $1.14 per diluted share for 2004. During the second …

St. Paul Travelers Reports All Segments ‘Strong’ in 2nd Quarter

The St. Paul Travelers Companies, Inc. reported record net income for the current quarter of $1.069 billion, or $1.59 per basic share and $1.52 per diluted share, compared to a net loss of $275 million, or $0.42 per basic and …

Liberty Mutual Adds Web-Based Rating for Agents

Liberty Mutual Group’s Agency Markets business unit has partnered with Rackley Solutions to provide real- time access to auto, home and package rates through SETWrite, Rackley’s Web-based rating product. The initial implementation for auto, home and package lines of business …

Health Plans Launch Ads to Show Med-Mal Crisis in D.C.

At a time when Washington, D.C. is grappling with rising health care costs and striving to further improve education and public safety, America’s Health Insurance Plans (AHIP) is launching an ad campaign designed to demonstrate the magnitude of the medical …

Foreign Insurers in China – Risk or Opportunity?

With only four percent of its 1.3 billion people holding insurance policies, China represents the world’s largest but also perhaps most challenging opportunity for foreign insurers, according to a study published by Reuters and KPMG. The report identifies the unprecedented …

S.C. Gov. Sanford Appoints Task Force to Study Workers’ Comp

A 33 percent rate increase proposed by the National Council on Compensation Insurance has motivated Gov. Mark Sanford to form a task force to study the state’s workers’ compensation system. The task force will take a close look at medical …

Catastrophic Recovery – Insurance for Insurance

“Given the opportunity, insurers can recognize a good insurance policy when they see one, especially when it is for their own protection.” Warner Robins, GA – In many instances, risk and liability, when it requires introspection are overlooked. If insurance …

N.Y. Workers Comp Trusts Return $3M

Compensation Risk Managers, LLC, a national manager of self-funded workers’ compensation insurance programs, announced that three of its trusts in New York state produced dividends of nearly $3.2 million in 2004. The more than 1,200 members of these trusts, which …

Marrero Joins SAIS’ Irvine, Calif. Office

Adriana Marrero is the newest marketing representative in the Irvine, California office, according to Mike Mayo, president of Superior Access Insurance Services Inc. “Adriana is a bright, energetic professional who brings a lot of energy to her new position as …