American International Group, Inc. (AIG) has entered into an agreement under which it will combine its consumer finance business in Poland, conducted through AIG Bank Polska S.A., into the Polish …
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July 2009
Monthly Archive
Fri 31 Jul 2009
Fri 31 Jul 2009
The Hartford Posts Net Loss of $15M in Q2; P/C Combined Ratio at 90.4%
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The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Even so, Ramani Ayer, chairman and chief executive officer of The …
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Fri 31 Jul 2009
FPIC Insurance Group Buys Texas Med Mal Insurer Advocate, MD
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Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million.
The deal includes additional …
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Fri 31 Jul 2009
No Coverage for Wrongful Death in Shooting of Mississippi Robber
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A Mississippi convenience store owner who shot and killed a robber cannot seek coverage under his general liability policy for a wrongful death suit brought the victim's survivors, a federal court …
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Fri 31 Jul 2009
The head of Colorado's state-chartered workers' compensation insurance fund says the company wants to go private.
Ken Ross, president and chief executive of Pinnacol Assurance, told The Denver …
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Fri 31 Jul 2009
Pennyslvania’s Harleysville Sees Second Quarter Profits Climb
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Pennsylvania-based Harleysville Group Inc. saw second quarter profits climb 115 percent to $20.1 million, up from $9.3 million in the year-ago quarter.
At the same time, revenues at the …
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Fri 31 Jul 2009
Age may determine how much health and life insurance companies spend trying to get people onboard. A new study shows health and life insurers pay much more attention to Baby Boomers than they do …
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Fri 31 Jul 2009
CNA Financial Corp. named Bob Lindemann as president and chief operating officer of CNA's Commercial Lines operations.
In this role, Lindemann will be responsible for achieving profitable …
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Fri 31 Jul 2009
Toronto-based Fairfax Financial Holdings Ltd said Friday it expects the insurance market to turn a corner this year and believes its book value will be "up significantly" in five …
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Fri 31 Jul 2009
EPA: Toxic Chemicals at Delaware Site Will Remain for 100 Years
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The EPA project manager overseeing cleanup at the abandoned Metachem site near Delaware City says toxic chemicals will remain there for at least 100 years.
Hilary Thornton spoke Tuesday night …
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