Newsbriefs

USAA Plan Calls for Layoffs

San Antonio-based insurance and financial services company, USAA, is continuing its process of restructuring with the layoffs of some 648...

Rates Surge Last Quarter

Commercial insurance premium rates surged forward last quarter with double digit increases in the five property/casualty lines, according the Council...

NAAA to Discuss Commissions

The National Auto Agents Alliance (NAAA), which had announced plans to file suit against several insurance companies that had been...

HO PREMIUMS UP SLIGHTLY

Overall, the industry reported a 6.6 percent increase in direct premiums for homeowners multiperil insurance from 1999 to 2000, according...

NAIC DEBATES FRAUD PROVISION

On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove...

NEW PARTNERSHIP FOR W/C

Advantage Workers’ Compensation Insurance Company of Salt Lake City was named the underwriting partner of Boise-based WorkCare NorthWest, a partnership...

ST. PAUL BUYS LONDON GUARANTEE

The St. Paul Companies finalized a definitive agreement to purchase London Guarantee Insurance Company for $80 million. The transaction is...

INSURERS PAYING POT CLAIMS

According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose...

CONNING STUDIES CREDIT SCORING

Auto insurers believe that including credit scores as part of a driver’s overall risk profile allows them to underwrite and...

NO NEGLIGENCE FOR NONINSURED

The California Court of Appeal has affirmed a ruling that a person not covered by an insurance policy cannot sue...

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