A Multicounty Grand Jury indictment unsealed recently in Oklahoma’s Cherokee County District Court accuses District Attorney Richard Gray of embezzling money seized as evidence in drug investigations, state Attorney General Drew Edmondson said. Gray, the district attorney for Adair, Cherokee, …
An Associated Press analysis showing white homeowners in New Orleans were three times as likely as minorities to appeal insurance settlements after Hurricane Katrina points to a deep racial imbalance and the need for greater outreach, lawmakers said Oct. 25. …
Westfield Insurance’s Brady Polansky, CPCU, CIC, was recognized by Applied Systems Client Network (ASCnet), the user group of Applied Systems agency management system, for his industry wide contributions toward implementing real-time communication advancements for the independent agency systems. Polansky, who …
Minneapolis-based St. Paul Travelers Cos. Inc. reported a six-fold increase in earnings and raised its guidance for the full year after clearing the third quarter without significant hurricane losses. Insurers struggled last year with massive catastrophe losses after Hurricanes Katrina …
Louis S. Moran, III, of Inter-Agency Insurance in Knoxville, was named Insuror of the Year at the Insurors of Tennessee 113th Annual Convention in Nashville. The Insuror of the Year is the highest honor the association bestows upon its members. …
The Chubb Corp. reported that net income in the third quarter of 2006 was $604 million, or $1.43 per share, compared to $246 million, or $0.60 per share, in the third quarter of 2005. Operating income increased to $579 million, …
Marsh & McLennan Companies,Inc. has named Alan W. Bieler as treasurer. Bieler succeeds and reports to Matthew B. Bartley, who was promoted to chief financial officer of MMC last month. Bieler joined MMC in July 2001 as assistant treasurer. Prior …
The Commerce Group, Inc. reported 2006 third quarter net earnings were $56.5 million, or $0.83 per diluted share, compared to net earnings of $59.8 million or $0.88 per diluted share for 2005. Included in the 2006 third quarter results are …
Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $128.2 million and $1.74 per diluted common share for the third quarter of 2006 versus a net loss of $377 million and $6.26 per diluted common share in the third quarter …
Bermuda-based Montpelier Re Holdings Ltd. reported comprehensive (overall net) income for the quarter ended September 30, 2006 of $110 million, or $1.13 per diluted common share. Net income excluding net realized investment gains and losses was $76 million for the …
