Newsbriefs

PROGRESSIVE’S Q4 PROFIT JUMPS:

Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported fourth-quarter 2003 net income of $357.8 million, or $1.63 per share, 135...

NEW HAMPSHIRE AUTO RULES:

A New Hampshire legislative panel with responsibility for reviewing regulatory changes has cleared the way for a streamlining of the...

VT. POLICY TRANSFER DEAL KILLED:

A plan to transfer 4,100 health insurance policies from Mutual of Omaha to Blue Cross/Blue Shield of Vermont fell apart...

VT. SETS RECORD FOR NEW CAPTIVES:

Howard Dean may be grabbing the headlines, but Vermont’s captive insurance division is also doing quite well. It licensed an...

MEADOWBROOK DEALS OUT $4 MILLION:

Meadowbrook/TPA Associates, a Massachusetts’ third party administrator of self-insured workers’ compensation programs, is distributing $4,023,874 in dividends to 520 businesses...

BOGUS OPERATOR SHUT DOWN:

An Alexandria, La. man was served with a cease and desist order by Louisiana Department of Insurance Fraud Unit investigators....

PENN. WORKERS’ COMP CLAIMS COSTS:

Workers’ compensation costs per claim in Pennsylvania continue to grow, according to the Workers’ Compensation Research Institute (WCRI). A study...

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