Fitch: $77B U.S. P&C Insurance Reserve Deficiency Will Drag Earnings, May Put Some Out of Business
Business Wire - November 24, 2003
Business Editors
CHICAGO--(BUSINESS WIRE)--Nov. 24, 2003
The U.S. property/casualty industry has an estimated reserve deficiency of between $46 billion and $77 billion at year-end 2002, a figure which is equal to between 10% and 17% of total reserves and between 16% a... (Read More)
Travelers Property Casualty Reaches Asbestos Settlement
Business Wire - November 21, 2003
Business Editors
HARTFORD, Conn.--(BUSINESS WIRE)--Nov. 21, 2003
Travelers Property Casualty Corp. (NYSE: TAP.A, TAP.B) today announced that it has executed an agreement in principle with class action claimants in all pending asbestos-related statutory direct actions.... (Read More)
Underground Solutions Completes Los Angeles Project; Duraliner Used to Complete First Water Line Replacement in LA
Business Wire - November 19, 2003
Business Editors
PITTSBURGH--(BUSINESS WIRE)--Nov. 19, 2003
Underground Solutions, Inc. (Pink Sheets:UGSI) announced today that it has recently completed its first Duraliner Water Line Replacement System installation for the City of Los Angeles.
J. Fletcher Creamer ... (Read More)
Rep. Eric Cantor Climbs GOP Ladder; The sole Jewish member of the House Republican Caucus, Rep. Eric Cantor impresses observers with his solid conservative
Insight on the News - November 10, 2003
Byline: John Berlau, INSIGHT
When Rep. Eric Cantor was a child in Richmond, Va., he was one of the few Jews to attend Collegiate, an elite private, predominantly Christian school. Now, as the GOP congressman for Virginia's 7th Congressional District that includes Richmo... (Read More)
Judge steps down from asbestos cases
The Daily Deal - November 7, 2003
Byline: Soma Biswas
U.S. District Court Judge Alfred Wolin, who presides over five major asbestos bankruptcy cases in Delaware, abruptly stepped down from all five until charges of conflict of interest are resolved.
Wolin, who presides in Newark, N.J., was assigned th... (Read More)
Foster Wheeler Appoints Law Firm of Heller Ehrman as General Counsel
Business Wire - November 6, 2003
Business Editors
HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 6, 2003
Victor Hebert, Senior Member of Heller Ehrman, to Resign from Foster
Wheeler Board to Lead Company's Legal Team; Thomas O'Brien, Current
General Counsel, to Retire but Remain with Company as Special... (Read More)
EMC Insurance Group Inc. Reports 2003 Third Quarter Results and Declares 88th Consecutive Quarterly Dividend
Business Wire - November 4, 2003
Business Editors
DES MOINES, Iowa--(BUSINESS WIRE)--Nov. 4, 2003
EMC Insurance Group Inc. (Nasdaq:EMCI) today reported operating income of $0.49 per share for the third quarter ended September 30, 2003 compared to $0.46 per share for the third quarter of 2002.(1) Oper... (Read More)
Safety & workers' comp literature review
Risk & Insurance - November 1, 2003
All catalogs, booklets and other valuable information listed in this advertising section are available FREE of charge. Just select the appropriate reader service number at www.riskandinsurance.com/r&ilink to request any material described below,
RMIS
STARS is Marsh's ... (Read More)
P/C headed in the wrong direction despite softening conditions in the Southwest - up front
Risk & Insurance - November 1, 2003, by Cyril Tuohy
Risk managers looking to renew property and casualty lines still face a bleak future despite softening conditions in the Southwest, according to two regional managers from American Insurance Group.
"We're starting to see the market soften," said William P. Kane Jr., sen... (Read More)
Hercules Reports Third Quarter Results
Business Wire - October 30, 2003
Business Editors
WILMINGTON, Del.--(BUSINESS WIRE)--Oct. 30, 2003
Hercules Incorporated (NYSE:HPC) today reported net income for the quarter ended September 30, 2003 of $19 million, or $0.17 per diluted share. This compares to a loss of $35 million, or a loss of $0.32... (Read More)
Standard Motor Products, Inc. Announces Third Quarter 2003 Earnings and a Quarterly Dividend
Business Wire - October 30, 2003
Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 30, 2003
Standard Motor Products, Inc. (NYSE:SMP), an automotive replacement parts manufacturer and distributor, reported consolidated net sales for the third quarter of 2003, the three months ended September 30, 2003, ... (Read More)
Possible Asbestos Funding Shortfall Suggests Significant Change in Claims
Business Wire - October 29, 2003
Business Editors
SYDNEY, Australia--(BUSINESS WIRE)--Oct. 29, 2003
The Medical Research and Compensation Foundation (the Foundation) issued a statement today that its funding may be insufficient to meet all future asbestos claims, if current trends continue.
The fig... (Read More)
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