Newsbriefs

UTAH CREDIT SCORING LAW TAKES EFFECT

Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The...

IIHS STUDY LOOKS TO CAMERAS

A new study released by the Insurance Institute for Highway Safety (IIHS) and supported by new statistics from the Washington,...

ARGONAUT TO BUY NORTH POINTE

Argonaut Group Inc. announced that one of its subsidiaries has signed a definitive purchase and sale agreement with Queensway Financial...

COVERAGECORP RAISING $

Access CoverageCorp Inc., the Charlotte, N.C. Internet-based business insurance technology and solutions provider, announced it raised $8 million in a...

PROGRESSIVE REPORTS PROFIT

Progressive Corporation reported profit for the first quarter of 2001, reversing a year-ago loss for the Ohio-based company as it...

BEST REPORTS CAPTIVE INCREASE

A.M. Best’s newly published Captive Directory reports that 245 new captive insurance companies were formed in 2000, while 170 were...

BROWNSFIELDS ACT PASSED

The U.S. Senate unanimously passed the Brownfields Revitalization and Environmental Restoration Act of 2001. The American Insurance Association (AIA) called...

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