BestWeek: Insurance Industry Gave $17.4 Million to Campaigns So Far in 2006.OLDWICK, N.J. -- Insurers and the agents and brokers working for them are the eighth-largest group of campaign donors in the current election cycle, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. federal campaign-finance data, with the top recipients of their largesse lar·gess also lar·gesse n. 1. a. Liberality in bestowing gifts, especially in a lofty or condescending manner. b. Money or gifts bestowed. 2. Generosity of spirit or attitude. being Sen. Rick Santorum “Santorum” redirects here. For other uses, see Santorum (disambiguation). Richard John Santorum (born May 10, 1958) is a former United States Senator from the Commonwealth of Pennsylvania. , R-Pa., and Sen. Hillary Clinton, D-N.Y. Both have less direct impact on insurance-related legislation than many other lawmakers, but they are highly visible icons of the political right and left. According to an analysis of Federal Election Commission data in the July 31 BestWeek, insurers have, as of July 26, given about $17.4 million to federal political candidates during the 2005-2006 election cycle, slightly less than half the $36.2 million they donated in the last cycle -- in 2004, a presidential election year. Also featured in BestWeek is Best's Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". , which finished the week of July 27, 2006 at 1,097.20, up 2.98% from a year ago. The composite index reflects the performance of 133 insurance stocks. The week's top performers were Arthur J. Gallagher & Co.; Brown & Brown Inc.; IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Holdings Ltd.; Delphi Financial Group Inc.; and TransAtlantic Holdings Inc. The week's bottom performers were SeaBright Insurance Holdings Inc.; EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Insurance Group Inc.; StanCorp Financial Group Inc.; Aetna Inc.; and State Auto Financial Corp. BestWeek is published by A.M. Best Co. for insurance professionals. To subscribe to BestWeek, please call A.M. Best's customer service department at (908) 439-2200, ext. 5742, or e-mail your request to customer_service@ambest.com. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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