February 27, 1990
20th Century Industries, the Woodland Hills-based parent of 20th Century Insurance, said its fourth-quarter profit surged 50% from a year earlier, to $22.2 million from $14.8 million. In the quarter that ended Dec. 31, the auto and house insurer said its revenue climbed 11%, to $183.1 million from $165.6 million a year earlier. 20th Century attributed the gains to growth in policies outstanding, investment gains and improved underwriting results.
December 29, 1998 |
20th Century Insurance Co. said it will reduce its rates for automobile coverage in California by an average of 6.8%, effective Feb. 15. The rate reduction, approved by the Department of Insurance, is a result of fewer claims and associated costs, the company said. Since 1996, 20th Century, a subsidiary of Woodland Hills-based 20th Century Industries, has cut its rates in California by 25%, said President and Chief Executive William Mellick.
January 21, 1998 |
American International Group Inc., holder of a 42% stake in 20th Century Industries, said it would be willing to discuss acquiring the property and casualty insurer. AIG also said it is not currently considering selling its interest in Woodland Hills-based 20th Century, according to the New York-based international property and casualty insurer's Schedule 13D amendment filed with the Securities and Exchange Commission.
November 19, 1985
Earnings in the third quarter ended Sept. 30 increased 80% from the previous year to $7.4 million, or 68 cents a share, 20th Century Industries said, as the company increased its income from premiums and investments. The Woodland Hills-based company, which insures automobiles and homes through its 20th Century Insurance subsidiary, said it wrote $78.8 million in premiums in the quarter, a 49% increase. Total assets were $292 million as of Sept. 30, a 33% increase from a year earlier.
CALIFORNIA | LOCAL
February 17, 2000
The 20th century was the hottest in more than 500 years, Michigan researchers say. The Earth's temperature has increased by about 1.8 degrees Fahrenheit since the 1500s, with about half of that in the 20th century, they report today in the journal Nature. In the Northern Hemisphere it rose even more--2 degrees Fahrenheit in the last 500 years, and 1.1 degrees in the 20th century alone.
CALIFORNIA | LOCAL
October 28, 1994
John Garamendi and the California Department of Insurance are doing all they can to get rid of 20th Century Insurance Co. because the insurer has charged too little for its policies and made too much money. With careful underwriting and low-cost distribution, 20th Century has been able to offer some of the lowest-priced automobile insurance in California. Because of its efficiency, 20th Century has been able to earn more profit for each dollar of automobile premium than many of its less-efficient competitors.
October 26, 1993
20th Century Industries in Woodland Hills said its third-quarter profits fell 10%, to $31 million from $34.5 million a year earlier, despite a 10% increase in revenue. In the latest quarter, the insurance holding company posted revenue of $281.3 million, up from $254.8 million a year earlier. The company said it recently expanded its services in San Diego, where its new business growth is strong. For the nine months ended Sept. 30, 20th Century reported a profit of $89.
January 28, 1995 |
Twentieth Century Insurance Co., which has led the insurance industry's six-year war on Proposition 103, threw in the towel Friday, agreeing to drop its legal challenge to the 1988 rate-cutting initiative and pay its policyholders rebates of as much as $78 million.
CALIFORNIA | LOCAL
April 18, 1987
Herbert Blumer, a nationally acclaimed sociologist and long-time chairman of the Department of Sociology at the University of California at Berkeley, died Monday at his home in Danville in Northern California after a long illness. Blumer, 87, was a sociological scholar of the 20th Century. Before joining the Berkeley faculty in 1952, he had taught for 11 years at the University of Chicago, where he earned his doctorate in sociology in 1927. In 1983, the American Sociological Assn.
February 22, 2001 |
For all the criticism Grammys get for not being quite up-to-date, the 11 classical awards this year have a remarkable feature. Every winner but one--Cecilia Bartoli's Vivaldi disc--is for music written in the 20th century. In one category, that meant that four superb Bach recordings lost to the fifth nominee, "Credo," a recent work by Polish composer Krzysztof Penderecki.