Yearly Archives: 2001

HIH Ratings Lowered, Withdrawn

The insurer financial strength ratings on the core operating units of HIH Insurance Ltd. (HIH) were lowered from “BBB-” to...

FRANKEL PLEADS NOT GUILTY

Financier Martin Frankel pleaded not guilty March 12 to a string of charges, including securities fraud, racketeering and conspiracy. Frankel...

ALLSTATE HIKES UP RATES

Allstate Insurance, which insures 2.1 million drivers in California, plans to raise premiums by 6.9 percent-a move that could force...

FARMERS CLOSES SOME DOORS

In a decision that will affect roughly 130 employees, Farmers Insurance Group is closing its Southern California service center in...

PROGRESSIVE CORP. GOES WIRELESS

Progressive customers can now make insurance payments, find local agents and get information about Progressive products by connecting to progressive.com...

LLOYD’S WINS AGAIN

On March 16, the U.S. Senate voted 79-18 to remove a provision in the pending Bankruptcy Reform Bill that would...

TERRITORIAL RATING WARS

Insurance associations are up in arms again over the recent request of lawmakers that the California Supreme Court review the...

SAFECO CREDIT FOR SALE

SAFECO is looking for a buyer for its commercial credit and leasing subsidiary, a move that could reduce the amount...

AMWEST EXITS COMM. AUTO

Amwest Insurance Group Inc. announced that it will immediately cease writing new commercial automobile policies. The decision to discontinue this...

QUAKE CLAIMS NOT EARTH-SHAKING

U.S. insurers are likely to pay out less than previously expected in claims caused by the earthquake that rattled Seattle...