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,...

CONNING PREDICTS RATES HIKES

A recent Conning & Company study, “Property-Casualty Forecast and Analysis,” showed personal automobile rates on the rise by 4 to...

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...

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