Monthly Archives: <span>August 2006</span>

Fla. Gubernatorial Hopefuls Focus on Rising Insurance Costs

Gerlinde Thomas doesn’t often get deeply involved in politics, and during a recent interview she wasn’t even 100 percent sure what party she’s in. “I think I’m a registered Democrat,” said Thomas, a nurse who lives in Pinellas County, near …

SCOR H1 Profit up 42% to $131 Million

France’s SCOR Group posted an impressive first half of 2006 with net income up 42 percent to €102 million ($131 million) compared to the €72 million ($92.5 million) it earned in the same period of 2005. Other earnings highlights include …

Lloyd’s Outlines its Reinsurance Activities, Thunderbird Re Sidecar

In anticipation of the upcoming Reinsurance Rendezvous in Monte Carlo, Lloyd’s has presented an outline of its reinsurance activities and announced the creation of a Cayman Islands-based sidecar, Thunderbird Re, to back up the capacity of its Syndicates. The world’s …

Beazley Posts $54 Million 1H Profit

The U.K.-based Beazley Group plc posted slightly lower pre-tax profits for the six months ended 30 June 2006 of £28.3 million ($54 million), compared to £35.2 million ($67 million) for the same period of 2005. However, Beazley’s profits, before tax …

Category 3 Hurricane John Threatens West Coast of Mexico

Although they infrequently touch land, the Pacific Ocean has hurricanes too, and John is a bad one. The storm is currently hugging the coast of Mexico. Its center was located near latitude 18.3 north/longitude 104.9 west or about 75 miles/120 …

National Contractors Ins. Co. – Making GL Insurance Affordable for General & Artisan Contractors

National Contractors Insurance Company, Inc., a Risk Retention Group (NCIC) specializes in general liability insurance for the licensed general and artisan contractor. Minimum Premium for most artesian classes and markets begin at $1,500, general contractor at $3,000. Industry required endorsements …

Pa. Agent Accused of Stealing Premiums to Gamble Online

Criminal charges have been filed against a Potter County, Pa. insurance agent who is accused of stealing more than $21,000 in insurance premiums from clients for online gambling and other personal uses, according to Pennsylvania Attorney General Tom Corbett. The …

Katrina By the Numbers: $10.5 Billion in Claims Paid in Miss.

There have been 483,693 claims filed and more than $10.5 billion paid to Mississippians for Hurricanes Katrina and Rita, according to the Mississippi Insurance Department. Those numbers were as of August 1, 2006 and include figures from private insurance companies, …

Ill. Arthur J. Gallagher Board Chairman Dies after Brief Illness

Itasca, Ill-.based Arthur J. Gallagher & Co. reported today that Robert E. (Bob) Gallagher, chairman of the Board, has passed away following a brief illness. “My uncle Bob was a true leader and an inspiration both to his peers and …

Safeco Sells U-District Complex to University of Washington

Seattle-based Safeco has announced the sale of its headquarters complex in Seattle’s University District to the University of Washington for $130 million. The sale follows Safeco’s previously announced strategy to lease rather than own space and consolidate its Puget Sound …