Newsbriefs

Convicted in Healthcare Fraud

Eight people, including six chiropractors and a physical therapist, have been convicted and sentenced for allegedly participating in a massive...

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...

NEW SUVS DON’T CRASH WELL

Accord-ing to the Insurance Institute for Highway Safety, automakers are marketing new midsize SUV models for 2001 and 2002, but...

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...

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