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"We are really pleased with the results we posted, particularly for us because it is the result of a lot of hard work that we have put into organic growth," said Martin P. Hughes, chairman and chief e
For the second quarter, the Richmond, Va.-based firm reported net income increased $4.8 million, from $15.8 million or 11.5 cents a share, to $20.6 million or 12 cents a share. Revenues were up 10 per
WASHINGTON--The House Financial Services Committee yesterday made its first move toward modernizing the insurance regulatory system, approving legislation designed to ease the regulatory burden on surp
IBM has introduced a new grid-computing product to help life insurance companies cut the time needed to run complex insurance model scenarios. Called IBM Grid and Grow for Actuarial Analysis, the
"State lawmakers are signaling they realize prosecutors can dismantle accident rings far more effectively with a targeted fraud law that helps them apply constant pressure against gang members in cour
Speaking during Marsh's Webcast today, "Property-Casualty Insurance--Market Update--Third Quarter 2006," Jill Dalton, managing director in Marsh's North America property practice, called today's commerc
The figures for 2004 (the most recent year for which data is available) continued a trend that began after 2000, when workers' comp insurance costs and benefits relative to wages were at their lowest
Bermuda-based Aeolus Ltd. today announced its entry into the global reinsurance market with an initial capitalization of up to $500 million financed by a group led by Warburg Pincus and the company's
Chicago-based Stars said in a statement that the computer containing the names, addresses, telephone and Social Security numbers of individuals receiving workers' compensation benefits, managed throug
The firm yesterday reported second quarter net income rose $7.4 million, from $37 million or 27 cents a share in 2005, to $44.4 million or 32 cents a share this year. Revenues increased 13 percent, or
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