Monthly Archives: September 2000

LA. LIABILITY LIMIT ENDED

Late last month, an obscure provision allowing dozens of Louisiana insurance companies to limit their liability in homeowners’ policies was...

AIG TO ACQUIRE HSB GROUP

American International Group Inc. and HSB Group, Inc. have entered into a definitive agreement whereby AIG will acquire 100 percent...

GEICO ADMITS OHIO VIOLATIONS

Maryland-based GEICO Corp. has admitted to violating Ohio’s consumer protection laws by allowing unlicensed agents to quote rates and discuss...

ZURICH ACQUIRES CNA ENERGY

Zurich Global Energy, the energy unit of Zurich Financial Services Group, and All American Marine Slip, a unit of MOAC,...

L/H PROFITS DROP $203 MILLION

The nation’s life and health insurers experienced a $203 million, or 1.6 percent, decline in operating profits during the first...

COTTON PICKIN’ SCAM

Insurance fraud is suspected in a case in Georgia in which someone buried a cotton picker—a machine the size of...

BERKSHIRE HATHAWAY’S PROFITS FALL

Warren Buffett’s magic touch has gone on vacation for a spell. Berkshire Hathaway’s second quarter operating profit fell 18 percent....

PURCHASING INSURANCE ONLINE

IDC released its market forecast for online sales of personal property and casualty insurance, predicting the Internet will influence 37...

U.K. AUTO RATES ON THE RISE

Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned...

GUSTAFSON TO LEAVE ST. PAUL

The St. Paul Companies president and chief operating officer James E. Gustafson will be leaving the company. The decision was...