Newsbriefs

NATIONWIDE INFRINGED UPON’

To protect its name and trademark, Nationwide, an international insurance and financial services leader, filed a federal trademark infringement suit...

ST. PAUL FORMS NEW GROUP

The St. Paul Companies announced the formation of the Global Surety and Construction Group. According to the group’s newly appointed...

LAAA JOINS NAAA

The National Auto Agents Alliance at its Board meeting in Atlanta, Ga., accepted an application for affiliation from the Latin...

STATE FARM’S EXIT SLOWED

New Jersey’s Department of Banking and Insurance is seeking to prolong the state’s largest automobile insurer’s presence in order to...

CITIGROUP CUTS MORE JOBS

In addition to the previously announced layoffs of 1,200 employees, Citigroup Inc. announced it would let go another 3,000 workers...

X.L. AMERICA LAUNCHES NEW UNIT

X.L. America Inc. is consolidating the management of its U.S. specialty insurance programs under one newly formed business unit, XL...

WALL ST. NEGATIVE ON RE

Neither Standard & Poor’s Financial Services Ratings Group nor investment bank Morgan Stanley is bullish on the reinsurance industry these...

SEVERAL CONVENTIONS CANCELLED

In the face of the tragedies which occurred on Sept. 11, several insurance trade associations announced cancellations of previously scheduled...

GOV. SIGNS CIGA BILL

California Governor Gray Davis signed legislation to raise the assessments on workers’ compensation insurers. The bill, AB 1183, sponsored by...

NAAA DENOUNCES CREDIT SCORING

The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest...

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