Newsbriefs

NEVADA TARGETS FRAUD

Nevada’s Senate Commerce and Labor Committee approved legislation designed to discourage insurance fraud rings. One of the goals of AB...

ALLSTATE BUYS REPAIR STORES

The Allstate Corp. announced its acquisition of Sterling Collision Centers Inc., which operates a network of 39 auto collision repair...

HAWAII GREENLIGHTS CAPTIVE

Hawaii Governor Benjamin Cayetan approved the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company...

WELLS FARGO BUYS ACORDIA PARENT

Wells Fargo & Company announced the acquisition of ACO Brokerage Holding Corporation, parent company of Acordia Inc. Acordia and Wells...

ST. PAUL JOINS PLATFORM

The St. Paul Companies’ reinsurance unit, St. Paul Re, joined the inreon platform, launched last December by Munich Re and...

FUND FOR HOLOCAUST SURVIVORS

In a humanitarian gesture aimed at improving the lives of California residents who survived the World War II Holocaust, three...

AIG TO BUY AM GEN

American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion...

ARGONAUT ACQUIRES FRONT ROYAL

In a move to expand its specialty insurance services, Argonaut Group Inc. signed a definitive agreement to acquire Morrisville, N.C.-based...

MarketScout Releases XML-Compatible Software

Dallas-based MarketScout, an e-commerce company specializing in the distribution of property and casualty insurance products, has released its XML-compatible distribution...

AAMGA Elects New Leadership

The American Association of Managing General Agents has named as the organization’s 2001-2002 president-elect, Robert S. Giles, CIW, president and...

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