Charlie Crist and Jim Davis agree that three challenges facing Florida are skyrocketing homeowners insurance rates, rising property taxes and public schools that some rank among the nation’s worst. That’s where the similarities end. Each is taking different approaches to …
Connecticut Democratic gubernatorial candidate John DeStefano has questioned Gov. M. Jodi Rell’s involvement in the state’s approval of a health insurance program that’s become the subject of a lawsuit. The accusation clearly rankled Rell, who said the criticism “sank to …
State Farm Fire & Casualty Co. has filed a motion in federal court in Gulfport, claiming it will get a fairer trial somewhere other than the Mississippi Gulf Coast. Fifty-two policyholders, along with current and former public officials, have urged …
The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders of $185.8 million, or $2.44 per share, for the third quarter of 2006, compared to a net loss of $86.3 million, or $1.15 per share “on a …
Aon Re Global, the Chicago-based provider of reinsurance brokerage and integrated capital solutions and services of Aon Corp., has announced the appointment of Paul Markey as managing director, global market relationships, and Robert Johnston to president of Aon Re Bermuda. …
In response to recent market commentary, A.M. Best Co. has issued a statement, which emphasizes that there “has been no change to the treatment of trust funds that support reinsurance recoverables in its capital model. The treatment continues to be …
Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the Group’s investment units, Allianz Infrastructure Holdings, …
The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington. …
Western National Insurance Group today announced their 2006 financial results through Sept. 30, 2006. The Group results now include the Farmers Home Mutual group of companies due to the completion of that transaction in June 2006, with inter-company pooling effective …
Des Moines, Iowa-based Wellmark Inc. has committed $5 million in venture capital to help encourage business development and expansion in rural Iowa communities. The effort is through the Iowa Farm Bureau’s Renew Rural Iowa program, which was launched in September …
