Newsbriefs

Central TX CPCU Recognized

The Central Texas chapter of the CPCU Society (Chartered Property Casualty Underwriters) was honored during the Society’s 57th Annual Meeting...

TX Mutual Complains of Gouging

Texas Mutual Insurance Company, formerly the Texas Workers’ Compensation Fund, filed a lawsuit accusing four pharmacy chains and two third-party...

WTC PROPERTY CLAIMS RISING

Property insurance claims from the Sept. 11 attacks are worth $16.6 billion and rising, according to the first estimate from...

CALIF. W/C RATE HIKE APPROVED

Insurance Commissioner Harry W. Low approved an increase of 10.2 percent in California’s advisory pure premium rate for workers’ compensation...

GREENBERG JOINS ACE

Bermuda’s ACE Limited announced that Evan G. Greenberg will join the ACE Group as vice chairman, and will become the...

WHITE MTNS. ESTABLISHES REINSURER

Bermuda-based White Mountains Insurance Group joined the race for new reinsurance capacity with the announcement that it would establish a...

LLOYD’S AGREES ON FUNDS

Lloyd’s of London reached an agreement with the New York Insurance Department in conjunction with the National Association of Insurance...

NAII PUSHES FOR MODERNIZATION

The National Association of Independent Insurers (NAII) is urging the National Conference of State Legislatures (NCSL) to support a model...

ACE USA ASKS FOR EXCLUSION

Philadelphia-based Ace USA is seeking permission from the Washington State Insurance Commissioner to exclude acts of terrorism from the policies...

ALLIANCE STUDY FINDS EXTRA COSTS

Rebuilding an automobile from the ground up using car company crash parts costs more than four times the car’s original...

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