Newsbriefs

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...

WORKERS’ COMP WOES

The nation’s workers’ compensation insurers suffered an 86 percent decline in profits, to $144 million during the first nine months...

KINGSWAY ENTERS U.S. AUTO MARKET

Kingsway Financial Services has entered into an agreement with The Access Group to underwrite private passenger auto insurance in the...

BOB DOLE DOES LLOYD’S DUTY

Lloyd’s of London has hired former Presidential candidate and former U.S. Senate Majority Leader Bob Dole to help fight a...

BAND CROWS ABOUT LOST PROFITS

Band members of the rock group Black Crowes have sued Lloyd’s of London in L.A. Superior Court, alleging that it...

GALLAGHER ACQUIRES TEXAS AGENCY

Arthur J. Gallagher & Co. has acquired Madison Scott & Associates, Inc. of Amarillo and Houston, Texas. The agency has...

IIAT LAUNCHES INFOCENTRAL

On March 12, the Independent Insurance Agents of Texas launched its newest and most ambitious website feature, InfoCentral. This new...

DALLAS FIRE INS. FINED $100,000

Dallas Fire Insurance Co. agreed to pay $100,000 in penalties for overcharging consumers by adding unapproved policy fees to the...

FLOWER MOUND IM-PROVES PPC RATING

Flower Mound, Texas, has improved its public protection classification with the Insurance Services Office from a class 5 to a...

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