The Senate late yesterday passed the conference report on the bill, the Tax Increase Prevention and Reconciliation Act, on the heels of House passage Wednesday night. The tax-cut bill, supported by independent insurance agents and brokers, will extend the $100,000 …
Michigan Gov. Jennifer Granholm is renewing a push to provide affordable health insurance to cover uninsured Michigan residents. Granholm, first unveiled the proposal in January, was expected to talk more about her plan while visiting a Lansing hospital. State Department …
North Pointe Holdings Corporation, Southfield, Mich., reported financial results for the first quarter ended March 31, 2006. According to the company, gross premiums written amounted to $45.6 million in the first quarter of 2006 vs. $45.8 million a year ago. …
Building products maker Owens Corning will pay more than $5 billion to asbestos claimants and as much as $2.27 billion to holders of bank debt as part of a plan to exit federal bankruptcy protection. The asbestos claimants, creditors and …
PMI Mortgage Insurance Company Limited (PMI Europe), the European mortgage insurance and credit enhancement subsidiary of The Calif.-based PMI Group, Inc., announced the appointment of Mr. Andrea Giorio as its new Country Manager for Italy. He will be responsible for …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of Royal Bank of Canada Insurance Company Ltd. (RBCI), which operates from St. Michael, Barbados. The outlook for …
A recent Insurance Research Council (IRC) study of auto injury insurance claims in the state of New York finds that claimants from the New York City metropolitan area exhibit very different claiming behaviors than claimants from the rest of the …
Farmers in Pennsylvania will receive $1 million in state aid for their 2006 crop insurance premiums, said Agriculture Secretary Dennis Wolff. “Crop insurance is an important tool for protecting Pennsylvania’s farmers,” said Wolff. “Adverse weather can ruin a growing season, …
XL Capital Ltd President and CEO Brian O’Hara led off XL’s 2nd annual global risk conference in Berlin Germany with a plea to the heads of some of the world’s leading organizations to adopt an industry- based coordinated approach to …
The U.K.-based Royal & Sun Alliance (R&SA) posted strong operating results for the first quarter of 2006 with operating profits up 29 percent to £207 million ($391 million), compared to £160 million ($302 million) in Q1 2005. Net written premiums …
