Newsbriefs

AIA FILES APPEAL WITH CALIF BOE ON TAX

The American Insurance Association (AIA), American International Companies and Liberty Mutual Insurance Company have filed an appeal with the California...

PAULA INS. CO. DOWNGRADED

The “Bpi” financial strength rating on Pasadena, Calif.-based PAULA Insurance Co. was lowered to “CCCpi” by S&P. Major rating factors...

ARROWHEAD FINED

San Diego-based Arrowhead General Insurance Agency Inc. was fined $400 by the Fair Political Practices Commission for failing to register...

LAAA SLATES TRADE FAIR

The second annual Latin American Agents Association Trade Fair and Convention will roll into the Renaissance Long Beach Hotel May...

STATE FARM VERDICT AFFIRMED

On April 5, an Illinois Appellate Court upheld most of a lower court’s verdict in a nationwide class-action lawsuit against...

IWIX.NET THROWS IN THE TOWEL

The Internet-based specialty insurance transaction facility, iwix.net, announced it is no longer accepting new members or risks. The company stated...

POOR RESULTS FOR LLOYD’S

Lloyd’s announced preliminary estimates that it would suffer an overall loss of at least $1.6 billion for its 1999 year...

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