Monthly Archives: <span>July 2007</span>

The Hartford Reports 32% Increase in Net Income for 2d Quarter

The Hartford Financial Services Group, Inc. reported second quarter 2007 net income of $627 million, or $1.96 per diluted share, a 32 percent increase over the second quarter 2006. The Hartford’s core earnings in the second quarter of 2007 were …

Commerce Group Net Earnings Dip, Loss Ratio Rises in 2Q

The Commerce Group, Inc. in Webster, Mass. reported 2007 second net earnings were $41.5 million, or $0.63 per diluted share, compared to net earnings of $58.6 million or $0.86 per diluted share for 2006. Included in the 2006 second quarter …

ACE UK Puts Davidson in Charge of D&O, Employment Liability Business

ACE UK has promoted Diane Davidson to UK & Ireland D&O Regional Manager. Davidson will be responsible for the development and management of all UK regional business for directors and officers, pension trustee liability and employment practices liability classes. Davidson …

Jury: Ford Owes $6 Million to Fla. Man Paralyzed in Crash

The Ford Motor Co. should pay $6 million to a Florida man who was paralyzed when the Ford Aerostar van he was in rolled over, a jury ruled Wednesday. Julian Felipe, of Hialeah, was 17-years-old when he was a passenger …

W.Va. Woman Disappointed with USS Cole Damages

The mother of a W. Va. sailor killed in the 2001 terrorist attack on the USS Cole says she is disappointed with a federal judge’s decision to limit damages in a lawsuit filed by sailors’ families against Sudan. Saundra Flanagan’s …

Judge’s Request to Prosecute Mississippi Attorney Declined

A U.S. attorney on Wednesday declined a federal judge’s request to prosecute a prominent Mississippi attorney on allegations of criminal contempt in a Hurricane Katrina insurance dispute. U.S. Attorney Alice Martin said in the letter to U.S. District Judge William …

Neb. Firm Recalls Beef, Buffalo Suspected to Have Dangerous E-Coli

A Hastings company is recalling about 5,900 pounds of ground beef and buffalo products distributed in Nebraska and Colorado because they could be contaminated with a dangerous strain of E. coli, the government said Wednesday. The U.S. Department of Agriculture …

Find New Clients By Listing In Top-Ranked Insurance Directory

Thousands of potential new clients search for insurance agents everyday in the popular Insurance Agents Directory at CCAuctions (www.calcruising.com/carinsurance.html). With a new advertising campaign, CCAuctions is promoting agent listings in their top ranked 450 page city insurance directory. Now insurance …

Mich. USF Insurance Names Director of Underwriting

USF Insurance Co. recently announced that Ken Rice has been promoted to director of underwriting. Rice joined USF in July 2006 as underwriting manager, a role he held until his promotion. Previously, Rice was a relationship manager at AON Corp., …

Texas Mutual Pays $125M in Dividends

Texas Mutual Insurance Company announced it is distributing approximately $125 million in individual policyholder dividends, the largest in the company’s history. Approximately 37,500 employers, representing about 79 percent of the company’s policyholders, will receive a dividend. Loss ratio and customer …