FPIC Insurance Group, Inc. Reports Third Quarter 2008 Results

The News Review:

- FPIC Insurance Group, Inc. Reports Third Quarter 2008 Results
- Company Sponsored Insurance Plans Can Be Dangerous, Expert Warns
- AIG Says It’s Not Cutting Insurance Rates To Keep Customers
- Las Vegas to Host National Construction Defect Insurance Law …

FPIC Insurance Group, Inc. Reports Third Quarter 2008 Results
MarketWatch 
6 million
after-tax) for an assessment by the Florida Office of Insurance
Regulation with respect to the insolvency of a group of
Florida-domiciled homeowners’ insurance
companies owned by Poe Financial Group. As allowed by Florida law, our
insurance subsidiaries are entitled to recoup this assessment from their
Florida policyholders and have been doing so. Net income for the three
and nine months ended September 30, 2007 includes a loss from
discontinued operations of $0. The financial results for the nine months ended September 30, 2007 also
include a $9. 7 million after-tax gain resulting from the commutation,
effective January 1, 2007, of all reinsurance treaties under which our
subsidiary, First Professionals Insurance Company, Inc.
Related: Fiserv Reports Third Quarter 2008 Results

Company Sponsored Insurance Plans Can Be Dangerous, Expert Warns
MarketWatch 
It is on insurance documents, insurance
cards and even on forms you sign in the doctor’s office. Few people really
understand the dangers of ERISA and what it means, says Darras.

AIG Says It’s Not Cutting Insurance Rates To Keep Customers
CNNMoney.com 
“We are not sacrificing rate to retain market share,” said AIG spokesman PeterTulupman in an email. “In fact, since mid-September, our U. commercialinsurance operations have had several points of rate improvement compared to [year-to-date] results.

Las Vegas to Host National Construction Defect Insurance Law …
MarketWatch 
Professor Stempel will be joined by Professor James Fisher of the Southwestern
Law School in Los Angeles. Attorneys from Texas, Washington, DC, New York, Philadelphia, Illinois,
Maryland, Florida, Connecticut, Massachusetts, Indiana, Wisconsin and Nevada
will cover the gamut when it comes to construction defects litigation and
insurance: special risks posed by construction companies; professional
liability for construction managers; pollution liability risks; determining
applicable state law; builder risks; the right to repair; allocation; trigger
of coverage; business risk exclusions; ethical concerns; additional insureds;
wrap ups; residential construction coverage; bankruptcy; claims relating to
so-called “green buildings,” and much more. Companies represented at the event include insurance companies, builders,
building and environmental specialists, litigation support services, and
claims management services. The chairing panel comprises Paul Amirata of AXA Insurance Company of New
York, Thomas Myers of Andrews Myers Coulter & Cohen, P. of Houston, Tracy
Alan Sax of Sax Doernberger & Vita, P.

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