Insurance Journal

North Carolina Mother, Daughter Charged with Insurance Fraud
07/29/2010 08:21 AM
A Winterville, North Carolina mother and daughter have been accused of conspiring with one another to alter medical bills and submit them to Farm Bureau Insurance Co. They received $1,264 as a ...


Billl to Eliminate Oil Liability Limit Comes Under Fire
07/29/2010 08:03 AM
Republicans and some moderate Democrats in the U.S. Senate Wednesday began picking apart a new energy bill that they complained goes too far in holding oil companies responsible for accidents like ...


Ten Key Indicators Show 'Global Warming is Undeniable'
07/29/2010 06:50 AM
Melting glaciers, more humid air and eight other key indicators, show that global warming is undeniable, scientists said Wednesday, citing a new comprehensive review of the last decade of climate ...


Endurance Reports Q2 Net Income of $58.6 Million; $57.7 Million Operating
07/29/2010 06:44 AM
Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $58.6 million and $0.97 per diluted common share for the second quarter of 2010, compared to net income of $149.1 million and ...


Everest Re Posts $156.7 Million Q2 Net Income; CEO Taranto to Step Down
07/29/2010 06:39 AM
The Bermuda-based Everest Re Group reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common ...


Aspen Q2 Net Steady at $109 Million; Operating $105 Million
07/29/2010 06:32 AM
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the second quarter of 2010 of $108.9 million, or $1.28 per diluted share. Operating earnings, which excludes ...


SCOR's Q2 Net Income up 32% to $157 Million; $204 Million Half Year
07/29/2010 06:28 AM
French reinsurer SCOR had a very satisfactory second quarter with net income of €120 million ($156.75 million), compared to €91 million ($119 million) in the second quarter 2009, a 32 ...


Torus Targets New Business in Europe with Executive Appointments
07/29/2010 06:22 AM
Torus Insurance is "continuing the rollout of its Continental European operation," notes a company bulletin. It announced the appointment of Esther Fittinghoff as Professional Lines Manager and ...


Oakland Large-Scale Pot Farms Will Require $2M in Liability Insurance
07/28/2010 10:10 PM
The Oakland City Council has given final approval to a plan that makes Oakland the first city in the country to authorize large-scale industrial pot cultivation. The city intends to license four ...


Camelback Captive Services Appoints Mead Executive VP
07/28/2010 10:06 PM
Phoenix-based Camelback Captive Services Inc. has appointed Justin C. Mead executive vice president. He will be responsible for business development of the firm's captive management services. Mead ...


Williams Promoted to Assistant VP at Bolton & Co.
07/28/2010 10:03 PM
Bolton & Co. announced that Phillip D. Williams has been promoted to assistant vice president in the OneSource Division. Williams began his insurance career in 1996 as an underwriting ...


Murphy to Lead ProMutual's Entrance into Virginia Market
07/28/2010 04:29 AM
Boston-based medial professional liability insurer ProMutual Group will begin selling coverage in Virginia through its member company, ProSelect Insurance Co. Tom Murphy has been hired to manage ...


Fireman's Fund's LaRocco Elected to Juvenile Diabetes Research Foundation Board
07/27/2010 04:09 PM
The Juvenile Diabetes Research Foundation (JDRF) has elected Mike LaRocco, president and CEO of Novato, Calif.-based Fireman's Fund, to the Greater Bay Area Chapter's Executive Board. LaRocco will ...


Piccinonno Re-joins Yates & Associates Insurance Services
07/27/2010 04:00 PM
Tustin, Calif.-based Yates & Associates announced that Pat Piccinonno has joined the firm as property/casualty underwriter. He will be responsible for new business production. Piccinonno began ...


Marsh: Offshore Energy Insurance Costs to Increase 'Modestly'
07/28/2010 01:18 PM
Major losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a ...