Yearly Archives: <span>2006</span>

Arch Capital Reports Q4 Net Income of Just Over $100M for 2005

Bermuda-based Arch Capital Group Ltd. reported that net income for the 2005 fourth quarter was $100.9 million, or $1.34 per share, compared to $107.1 million, or $1.45 per share, for the 2004 fourth quarter. For the year ended Dec. 31, …

Spouses of Deceased Workers to Receive Retroactive Benefits

According to the Workplace Health, Safety & Compensation Commission of New Foundland and Labrador (Canada), 58 women whose husbands were fatally injured before the Charter of Rights and Freedoms’ equality rights provision (Section 15) was implemented in 1985 are going …

Colo. Wants to Form Consumer Insurance Board

The Colorado House has introduced a bill that would create a Consumer Insurance Board to provide policy guidance to the Commissioner of Insurance, gather and prepare information for hearings regarding proposed insurance legislation and regulations, annually review the performance of …

Hylant Group Adds Bennice to New Large Account Practice

Ohio-based Hylant Group has hired Dennis Bennice, the former Risk Management president for Dana Corp., as a consultant, expert and specialist to serve Hylant’s list of Fortune 1000 clients. Hylant launched its Large Account Practice last year, committed to providing …

Late Night House Calls Push Local Veterinarian to Big Win in Missouri Race

A campaign flier showed him pushing a big round bale of hay past an onlooking cow. His red-and-white signs featured farm animals, a horse, sheep and pig, absent the Democratic Party donkey. The Associated Press said that longtime veterinarian in …

9 States Added to RiskMeter’s Distance to Fire Station Report

CDS Business Mapping LLC., a provider in online property risk mapping, reported that Alabama, Georgia, Indiana, Michigan, Minnesota, Missouri, Nevada, Washington and Wisconsin have been added to the RiskMeter Online’s (www.RiskMeter.com) Distance to Fire Station Report. This brings the total …

Ill. AG: Home Improvement in Top 10 Consumer Complaints

Illinois Attorney General Lisa Madigan reported that for the first time in the history of the Illinois Attorney General’s Top 10 Consumer Complaint list, complaints related to gasoline pricing topped the list of consumer gripes. The gasoline complaints by far …

Insurance Company PR Director to Challenge Indiana House Speaker

Susan Fuldauer, a public relations director for Indiana-based American Income Life, has thrown her hat into the ring in a challenge for the seat of Republican Indiana House Speaker Brian Bosma. The Marion County Democratic Slating Committee chose Susan Fuldauer …

S&P Comments on ‘Alien Reinsurer’ Collateral Requirements

Standard & Poor’s Ratings Services has published an article titled, “Credit FAQ: Hotly Debated Collateralization Rule Change May Affect Insurer/Reinsurer Capital Needs,” which examines several of the issues surrounding the pros and cons of the collateralization requirements for alien reinsurers. …

S&P Affirms, Withdraws QBE (U.K.) Ratings Following Consolidation

Standard & Poor’s Ratings Services announced that it has affirmed its long-term “A+” counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer QBE Insurance Co. (U.K.) Ltd. with a stable outlook. At the same time S&P said it …