Newsbriefs

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...

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...

ALLSTATE HIKES UP RATES

Allstate Insurance, which insures 2.1 million drivers in California, plans to raise premiums by 6.9 percent-a move that could force...

FRANKEL PLEADS NOT GUILTY

Financier Martin Frankel pleaded not guilty March 12 to a string of charges, including securities fraud, racketeering and conspiracy. Frankel...

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