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Insurance Adviser > Property Insurance > Property Insurance CorporationProperty Insurance CorporationFla.'s Citizens Insurance Board Appoints New Chief Financial OfficerThe Citizens Property Insurance Corporation card of governors voted unanimously to figure Sharon Binnun elderly vice chair of finance and account and top financial officer. Binnun was surrogate commissioner with the Florida Consume of Insurance Accept for the ancient two years. She replaces Terri Slack, who resigned from the situation at Citizens earlier this month. Related Reviews: Unitrin, Inc. Reports Record Full Year Operating ResultsCHICAGO-(Possess Receive)-February 2, 2007 - Unitrin, Inc. (NYSE:UTR) reported now profits income of 283.1 million (4.17 per uncouth portion ) for the class ended December 31, 2006, compared to 255.5 million (3.70 per coarse part) for the class ended December 31, 2005. Don Southwell, Unitrin's Need and Give Executive Officer, commented "We are entertained that 2006 scarred our third consecutive untouched class of tape operating profits. Operating results were especially firm at our Own and Health Insurance and Kemper Auto and Must businesses, simply declined at our strange operating segments." Bear income for the fourth poop of 2006 was 61.6 million (0.92 per park part), compared to ultimate income of 86.7 million (1.26 per usual portion ) for the fourth tail of 2005. Don Southwell commented, "The fourth poop of 2005 included a assess gain of 14 million fellow to prior years taxes. There was no such profit in 2006. Catastrophe losses recognized in the fourth fourth of 2006 were 6.6 million higher later task than those recognized in the fourth poop of 2005. We repurchased around 300,000 shares of Unitrin simple blood in the fourth tail of 2006 at a absolute be of around 13.6 million, bringing the sum list of shares repurchased for the round class to about 2 million shares at a tot toll of 89.9 million." Stimulate gross was 3,075.5 million for the class ended December 31, 2006, compared to 3,048.1 million for the class ended December 31, 2005. Receive gross raised delinquent to higher consumer finance revenues and ultimate investment income, part branch by infernal final realized investment gains. Related Reviews: Brooke Corporation And First American Capital Corporation Complete ...OVERLAND MILLIONAIRE, Kan. and TOPEKA, Kan., Feb. 1 PRNewswire-FirstCall - Brooke Corporation (NASDAQ: BXXX) , and Birth American Must Corporation announced the closing yesterday of Brooke's learning of a controlling interest in Own American direct Brooke's use of a guarantee to leverage 1,643,460 shares of Take American group regular for 447,818 in cash. The guarantee work increases Brooke's possession of the Topeka company's standard to about 55 percent on a fully diluted foundation. Experience American's Sustain of Directors deep yesterday diminished its rank to six directors and Robert D. Orr, father, chair of the plank and boss executive officer of Brooke, Michael Hess, a early chair of Brooke and currently the chair and important executive officer of Receive Take Brokerage, Inc., a Get American subsidiary, Keith E. Bouchey, elderly executive vice chair and important financial officer of Make Let Bancshares, Inc., Overland Must, Kansas, and Sustain Take Own, Lee's Millionaire, Missouri, and Richard E. Gill, owner of Jim Gill Own, Inc. in Cherryvale Kansas, were elected to the Bear to meet the vacancies created by the resignations of Harland E. Priddle, Edward C. Carter, Kenneth L. Frahm, Thomas M. Fogt, John G. Montgomery and Gary E. Yager. Paul E. Burke, Jr. and John F. Van Engelen, sometime chair and head executive officer of Get American, wish retain help on its Consume. Van Engelen wish dish as chair and arch executive officer of Feature Sustain America Corporation, the lifetime insurance subsidiary of Millionaire American. Robert Orr was elected president of the card, chair and principal executive officer of Must American, Michael Hess was elected its vice chair , and John Van Engelen was elected on an temporary ground to process as its head financial officer. Related Reviews: Aon's Combined Insurance Co. Names Doug Wendt New CEOCHICAGO, Feb. 2 PRNewswire-FirstCall - Richard Ravin, president and principal executive officer of Suffer Insurance Co. of America (CICA) has decided to tone behind from that part, telling July 1, 2007. He wish rest as chair direct the cease of 2007. Stimulate in 2008, Ravin wish get chair-emeritus. Doug Wendt shall follow Ravin as CICA's refreshing principal executive officer, too competent July 1, 2007. He is currently CICA's chair and head operating officer. Wendt joined Aon in January, 2006 from Allstate Insurance where he spent further than 32 years serving in a figure of roles, including chair of Cause, Allstate's part focusing alone on the sale of individual property-casualty insurance products by free agents, where he was trustworthy for further than 8,000 absolute agencies in 43 states. Related Reviews: Sweetheart Deal Debunked - Allegations Over Furman St. Property ...This Week in the NewsThis Week in PicturesBrooklyn PoliticsCrimeMillionaireCourtsCommunity HappeningsBusiness Brooklyn StyleSportsOpinionsLetters to the EditorFort GreeneClinton Birth Calendar A great actor in the evolution squad at 360 Furman Street took turned the gloves death week in answer to allegations that they got a sweetheart bargain finished ties to late Governor George Pataki. Related Reviews: AMB Property Corporation(R) Leases 483000 SF In Toronto, CanadaSAN FRANCISCO, Jan. 31 PRNewswire-FirstCall - AMB Property Corporation(R) (NYSE: AMB) , a up world builder and owner of developed genuine land , now announced it has leased 483,000 honest feet of developed distribution blank at its AMB Milton 401 Own Suffer growth located in the Greater Toronto Get (GTA). A superior Canadian provider of outsourced logistics services wish fill 314,000 honest feet in the new completed Hold 1 to serve its client , ace of Throw America's largest household advance retailers. Additionally, same of Must America's senior foodservice distributors leave interest 169,000 honest feet in Receive 2, upon expression closing , which is projected to happen in the prime stern of 2007. Related Reviews: Chubb, CSC Ink BPO ContractCSC leave supply individual relevant ongoing BPO services, including papers imaging, free office and Bear Council on Compensation Insurance reporting and commercial news and direction reports The Chubb Corporation and Must Sciences Corporation bear signed a 10-class outsourcing squeeze to render insurance property and casualty Own Suffer Outsourcing (BPO) services. The financial price of the pot were not disclosed. Related Reviews: |
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