Newsbriefs

NAAA DENOUNCES CREDIT SCORING

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

SAFECO TO BUY ACE USA DIVISION

SAFECO Corp. and ACE USA announced an agreement for SAFECO Select Insurance Services Inc. to acquire ACE USA’s Financial Institution...

CALIF. PRIVACY BILL DEFEATED

Following a late night debate, the California State Assembly voted to defeat a controversial financial privacy measure that would have...

ONLINE MARKETS CHASE SMALL BIZ

According to a new report, online insurance marketplaces are now actively pursuing the historically underserved small business customers, who are...

FRAUD LURES 10% OF CONSUMERS

Progressive Insurance recently conducted a telephone survey on more than 31,000 Americans, asking respondents how likely they would be to...

WC AGENCY GETS NEW DIRECTOR

The Texas Workers Compensation Commission (TWCC) named Richard “Dick” Reynolds, a former legislator and insurance commissioner, as the new executive...

TEXAS LEADS IN WC COSTS

Texas had the highest average total cost per workers’ compensation claim ($14,465) of eight states reviewed in an independent study...

HO BENCHMARK RATES TO RISE

Although the statewide average for homeowners insurance benchmark rates is slated to rise slightly in the coming year, Texas Department...

TWIA SEEKS 13% RATE HIKE

At a recent public hearing held by the Texas Department of Insurance (TDI) on windstorm coverage rates, the Texas Windstorm...

INSURANCE EMPLOYMENT FLATTENS

Despite a drop of 113,000 in national nonfarm payrolls in August, insurance industry employment held even for the month, reports...

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