Newsbriefs

BEAZLEY COMPLETES BUYOUT

Beazley, one of Lloyd’s leading syndicates, has completed a management buyout. “Under the new structure, the directors and staff will...

DANGER ON THE ROAD

The number of people killed in traffic accidents increased last year, due in part to a rise in fatal motorcycle...

OPERATOR, GIVE ME PROGRESSIVE

Progressive Corp. customers can now make insurance payments, find local agents and get information about Progressive products by connecting to...

FRANKEL ASSOCIATE PLEADS GUILTY

A Tennessee lawyer pleaded guilty in mid-March to conspiracy and money laundering in an insurance fraud scheme masterminded by Martin...

SKANDIA TO REDUCE U.S. STAFF

Sweden’s Skandia Group announced staff reductions in its U.S. subsidiary, American Skandia. The company will eliminate 150 positions—about 13 percent...

PERFECT SPLASHDOWN FOR MIR

Everyone from the Russian space team, residents of Japan, Australia and the South Pacific, and certainly the brokers and underwriters...

EXPENSIVE SPLASHDOWN

Despite five days of round-the-clock efforts to save it, the 40-story oil rig, the world’s largest, owned by the Brazilian...

WC REFUNDS FOR TEXANS

Texas workers’ compensation insurance companies are trying to locate nearly 29,000 employers in order to refund a surcharge started in...

MEDICAL ASSOCIATIONS SUE HMOS

Two Texas medical associations and dozens of individual physicians filed a federal lawsuit last week accusing health care insurers of...

ALLSTATE CEO GETS ALL-STAR RAISE

Even as Allstate Corp. awarded its Chief Executive Edward Liddy a 14 percent pay increase last year, the company’s year-end...

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