PAULA Financial (NASDAQ:PFCO) announced Mar 9, 2001 that its operating results for the quarter ended Dec. 31, 2000, which are expected to be reported on March 15, 2001, will include an $18.2 million reserve strengthening for prior accident years and a new quota share agreement.
Jeff Snider, Chairman and Chief Executive Officer, stated, 'The California workers' compensation marketplace has been unprecedented in the burden it has placed on underwriting companies' results since de-regulation; no one has been exempt, including PAULA Insurance Company. The environment is dramatically improved tod...
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