Sweden’s Skandia Group announced staff reductions in its U.S. subsidiary, American Skandia. The company will eliminate 150 positions—about 13 percent...
Newsbriefs
Everyone from the Russian space team, residents of Japan, Australia and the South Pacific, and certainly the brokers and underwriters...
Despite five days of round-the-clock efforts to save it, the 40-story oil rig, the world’s largest, owned by the Brazilian...
In a decision that will affect roughly 130 employees, Farmers Insurance Group is closing its Southern California service center in...
Allstate Insurance, which insures 2.1 million drivers in California, plans to raise premiums by 6.9 percent-a move that could force...
Financier Martin Frankel pleaded not guilty March 12 to a string of charges, including securities fraud, racketeering and conspiracy. Frankel...
U.S. insurers are likely to pay out less than previously expected in claims caused by the earthquake that rattled Seattle...
Amwest Insurance Group Inc. announced that it will immediately cease writing new commercial automobile policies. The decision to discontinue this...
SAFECO is looking for a buyer for its commercial credit and leasing subsidiary, a move that could reduce the amount...
Insurance associations are up in arms again over the recent request of lawmakers that the California Supreme Court review the...