Newsbriefs

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...

LAAA JOINS NAAA

At its Board meeting in Atlanta, Ga., the National Auto Agents Alliance (NAAA) accepted an application for affiliation from the...

PROGRESSIVE UNVEILS IBPP

The Professional Liability Group of the Progressive Corp. introduced an Internet Banking Protection Package (IBPP), providing coverage for community banks...

FIRST NEVADA GETS ‘R’

Standard & Poor’s assigned its “R” financial strength rating to First Nevada Insurance Co. (FNIC). S&P took this rating action...

ARGONAUT ENDS QUEENSWAY PACT

On Aug. 30, Argonaut Group Inc. announced it had terminated the purchase and sale agreement with Queensway Financial Holdings Ltd....

FBI ARRESTS PRIEST IN FRANKEL CASE

Monsignor Emilio Colagiovanni, an 81-year-old Catholic Priest, is being held in Bridgeport, Conn., following his arrest by FBI agents in...

NATIONWIDE INFRINGED UPON’

Nationwide filed a federal trademark infringement suit against Florida-based companies, which, using the names Nationwide Insurance Group Inc. and The...

S&P GIVES FRONTIER ‘R’

On Aug. 28, Standard & Poor’s assigned its ‘R’ financial strength rating to Frontier Insurance Co. after the New York...

WORKERS’ COMP BILL FALLS SHORT

According to Insurance Brokers and Agents of the West (IBA West), SB 71 (Burton & Calderon), a bill moving through...

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