Newsbriefs

NEW WARNING FROM CLAIMS DIRECT

Claims Direct, the U.K. company that handles accident victims compensation claims online, issued a new profit warning on March 28,...

STATE FUND DOWNGRADED

A.M. Best lowered the financial strength rating of the State Compensation Insurance Fund of California (SCIF), San Francisco, Calif., from...

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...

STRIKING BACK

InsWeb Corp. has responded to recent allegations and legal action taken by eHealthInsurance Services Inc. with a counter suit. In...

CSR WEBSITE LAUNCHED

A new site, created by Agency Ideas newsletter, is dedicated to advancing the art and science of the cross-sale. The...

AMWEST HALTS COMM. AUTO

Amwest Insurance Group Inc. announced March 19 that it would immediately cease writing new commercial automobile policies. The decision to...

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...

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