Newsbriefs

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...

QUAKE CLAIMS NOT EARTH-SHAKING

U.S. insurers are likely to pay out less than previously expected in claims caused by the earthquake that rattled Seattle...

AMWEST EXITS COMM. AUTO

Amwest Insurance Group Inc. announced that it will immediately cease writing new commercial automobile policies. The decision to discontinue this...

SAFECO CREDIT FOR SALE

SAFECO is looking for a buyer for its commercial credit and leasing subsidiary, a move that could reduce the amount...

TERRITORIAL RATING WARS

Insurance associations are up in arms again over the recent request of lawmakers that the California Supreme Court review the...

LLOYD’S WINS AGAIN

On March 16, the U.S. Senate voted 79-18 to remove a provision in the pending Bankruptcy Reform Bill that would...

PROGRESSIVE CORP. GOES WIRELESS

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

FARMERS CLOSES SOME DOORS

In a decision that will affect roughly 130 employees, Farmers Insurance Group is closing its Southern California service center in...

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